Friday

29th Mar 2024

Ticker

No new backstop proposal at Juncker-Johnson lunch

UK prime minister Boris Johnson had a lunch in Luxembourg on Monday with European Commission president Jean-Claude Juncker and chief Brexit negotiator Michel Barnier. After the meeting, Juncker said it was "the UK's responsibility to come forward with legally-operational solutions", adding the commission was open to proposals to replace the backstop. However, Juncker continued, "such proposals have not yet been made" and that the "EU-27 remain united".

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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