Thursday

28th Mar 2024

Ticker

Iceland to focus on 'well-being' over GDP

Iceland's prime minister Katrin Jakobsdottir said she will focus on green and family-friendly measures and less on economic growth, the BBC reports. She is joining earlier initiatives from Scottish first minister Nicola Sturgeon and New Zealand's PM Jacinda Ardern to promote a "well-being" agenda. Following economists like Joseph Stiglitz, she said that environmental disasters are happening because of the world's one-sided focus on GDP growth instead of "inclusive growth".

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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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