Thursday

28th Mar 2024

Ticker

Italy: 'no significant deviation' from EU rules in draft budget

The Italian government said in a letter sent to the European Commission Thursday that its 2020 draft budget did not breach EU rules and that Italy wanted to revive its economy. "The projected change in the structural balance in 2020 would not constitute a significant deviation," economy minister Roberto Gualtieri said. EU commissioner for economic affairs Pierre Moscovici said Tuesday that Brussels was not likely to ask Italy for changes.

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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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