Friday

29th Mar 2024

Ticker

Romanian government falls after no-confidence vote

Romania's government collapsed on Thursday after losing a no-confidence vote - only weeks ahead of the presidential election. Prime minister Viorica Dancila was the country's third premier in seven months, while her Social Democrats party (PSD) had been in power since 2016. Romania has for several years been plagued by government corruption scandals. President Klaus Iohannis will now choose a replacement government. General elections are only due in late 2020.

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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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