Friday

29th Mar 2024

Ticker

Eight EU states warned over money-laundering delay

The European Commission said on Wednesday that it has sent legal warnings to eight member states - Cyprus, Hungary, the Netherlands, Portugal, Romania, Slovakia, Slovenia and Spain - over their delay in applying new anti-money laundering rules, adopted two years ago. The "formal notice" is the first step of a legal procedure that could end up in fines if EU rules are not quickly implemented into national law.

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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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