Friday

29th Mar 2024

Ticker

Germany relaxes stance on EU joint debt

Germany might let EU institutions borrow money on the international markets using the EU budget as security chancellor Merkel has said. "I can imagine such instruments further down the line ... More generally I would like to say that Germany not only wants to act in solidarity, but that it will act in solidarity," she said. Germany and The Netherlands have previously opposed issuing joint debt to fight the slowdown.

Read and decide

Join EUobserver today

Get the EU news that really matters

Instant access to all articles — and 20 years of archives. 14-day free trial.

... or subscribe as a group

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."

Join EUobserver

EU news that matters

Join us