Friday

29th Mar 2024

Ticker

EU should beware China, Borrell says

China is a "systemic rival" to Europe and the EU should not be "naive" about its intentions, EU foreign affairs chief Josep Borrell said in French newspaper Le Journal du Dimanche. "We Europeans support effective multilateralism with the United Nations at the centre. China, on the other hand, has a selective multilateralism that wants, and is based on, a different understanding of the international order," Borrell said in the interview.

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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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