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29th Mar 2024

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Former EU commissioner gloomy on Swiss deal

Switzerland and the EU are unlikely to agree a new treaty on trade relations until after the outcome of Brexit is known, Günther Oettinger, a German former EU commissioner, told the Neue Zürcher Zeitung, a Swiss newspaper, Monday. "I don't think that an [EU-Swiss] agreement will be reached ... before the exact course of Brexit is clear," he said. "The willingness to agree is likely to be low," he added.

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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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