Thursday

28th Mar 2024

Ticker

Greece accuses Turkey of 'escalation' in maritime dispute

Turkey's decision to send ships to disputed waters near Cyprus was a "serious escalation" which showed Turkey's "destabilising role" in the region, the Greek foreign ministry said Monday, after Turkish vessel Oruc Reis and two auxiliary ships set sail to look for oil and gas near Greece's island of Kastellorizo. The move violated a new Greek-Egyptian deal on maritime boundaries, but Turkey and Libya also have a new maritime deal.

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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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