Friday

29th Mar 2024

Ticker

EU seeks industrial 'independence' after pandemic

Production of "[computer] processors, vital medicines, and other essential products" ought to be brought back to Europe from overseas, EU Council president Charles Michel told a congress in Brussels Tuesday. "The strategic independence of Europe is our new common project for this century," he said at the Brussels Economic Forum, after the coronavirus pandemic exposed the reliance of EU supply chains on 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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