Friday

29th Mar 2024

Ticker

Liberal premier backed by far-right in German state

A liberal politician was elected premier of the eastern German state of Thuringia on Wednesday, in a surprise result after the far-right AfD backed him. The FDP's Thomas Kemmerich, with the support of chancellor Angela Merkel's CDU, was elected after left-wing incumbent Bodo Ramelow failed to secure a majority. That created a stalemate, as all parties rejected a coalition with AfD, but the CDU wouldn't work with Ramelow's Left Party.

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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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