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29th Mar 2024

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MEPs back potential new taxes for EU budget

EU governments were given the green light by MEPs in a vote Wednesday to assign new "own resources" to the EU budget, in the form of potential new taxes on plastic goods, tech giants, or CO2 emissions. The money is to help pay for the €750bn post-pandemic recovery fund. "We'll ensure the debt is repaid by tech giants, tax dodgers, big foreign polluters," French liberal MEP Valerie Hayer told Reuters.

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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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