Friday

29th Mar 2024

Ticker

EU gives UK Brexit 'flextension' to January 2020

The EU will give the UK a Brexit extension until 31 January 2020, EU Council president Donald Tusk tweeted on Monday. The written decision allows an option for the UK to leave before then, if a deal is ratified. It also negates the need for an extra summit of EU leaders to decide on an extension. Prime minister Boris Johnson is pushing for an election on 12 December.

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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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