Friday

29th Mar 2024

Ticker

EU urged to use trade tariffs in foreign policy

Countries who abuse environmental and labour standards should in future face penal trade tariffs from the EU, the French and Dutch trade ministers have said in a letter to their 25 EU peers, Reuters reports. "Trade policy instruments can provide additional leverage to the implementation of international environmental and labour standards," they said. The policy could impact the US, which reneged on climate change promises, and China.

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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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