Friday

29th Mar 2024

Ticker

German economy minister expects progress on EU deal

German economy minister Peter Altmaier said Thursday he expected EU finance ministers meeting later in the day to make progress towards agreeing the €500bn coronavirus rescue package. Talks earlier in the week failed. "I have confidence that [German finance minister] Olaf Scholz, with his colleague [French finance minister] Bruno Le Maire, can push this forward today and we are all working on that together," he 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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