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29th Mar 2024

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Malta finance minister faces money-laundering probe

Malta's finance minister, Edward Scicluna, is to face a criminal inquiry on his role in the sale of three Maltese hospitals, a local magistrate has ruled. The affair comes after other senior government figures recently resigned over alleged links to the murder of a journalist in 2017. "A eurozone finance minister under money laundering investigations is unbearable" and Scicluna ought to "step down," Sven Giegold, a German Green MEP, said.

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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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