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29th Mar 2024

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EU sets aside €15.6bn for virus fight in Africa and beyond

The EU has set aside €15.6bn to help fight coronavirus in developing regions around the world. "The impact of the coronavirus outbreak on the most fragile countries, migrants and the most vulnerable people is likely to be dramatic," EU crisis management commissioner Janez Lenarčič said. Some €3.25bn will go to Africa to pay for medical and sanitation projects, amid EU fears the virus could rebound from there back to Europe.

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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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