Friday

29th Mar 2024

Ticker

EU in no hurry on UK financial firms' access

EU financial affairs commissioner Valdis Dombrovskis has dampened UK hopes to settle, by 30 June, the terms of access for City of London firms to Europe after the Brexit transition period expires. "As agreed in the political declaration [added to the UK withdrawal deal], this means proceeding with the assessments, not taking political decisions by that date," Dombrovskis said in a letter to London seen by British newspaper Financial Times.

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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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