Friday

29th Mar 2024

Ticker

Next EU economy chief calls for looser budget policies

The EU's future economic affairs commissioner, Paolo Gentiloni, said in an article published Sunday the EU needed less restrictive budgetary policies. Writing in the Italian financial daily Il Sole 24 Ore, Gentiloni said the EU's deficit and debt rules needed to be "reviewed and updated". The economy was slowing, he warned, adding that stimulating the economy "cannot be left to monetary policy alone".

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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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