Thursday

28th Mar 2024

Ticker

EU agrees Libya naval mission after Greek solution

EU countries have agreed to launch an air and sea surveillance mission, Operation Irini, in the Mediterranean in April to help stop Libya arms smuggling, diplomats told Reuters Thursday. Austria and Hungary had opposed it on grounds it would pull in migrants, but Greece agreed to take in rescued people on condition other EU states helped pay the costs. "Greece has allowed disembarkation in its ports," an EU diplomat said.

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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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