Friday

29th Mar 2024

Ticker

Merkel's party suffers worst ever result in Hamburg

With only 11.2 percent, German chancellor Angela Merkel's Christian Democrats suffered their worst ever result in local elections in Hamburg on Sunday. They seem to have been punished for flirting with the far right in an eastern state as well as their messy leadership battle. The Social Democrats and Greens celebrated taking first and second place, respectively, meaning that they will probably maintain their ruling coalition.

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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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