Friday

29th Mar 2024

Ticker

No-deal Brexit would 'push UK debt to 50-year high'

According to the Institute for Fiscal Studies, a British think tank, a no-deal Brexit would push the UK to its highest debt-level since the 1960s. The think tank said to the BBC "the government is now adrift without any effective fiscal anchor" and that it would be forced to borrow up to $100bn (€112bn). This would create a debt level of 90 percent if the UK's national income.

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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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