Friday

29th Mar 2024

Ticker

Study: No-deal Brexit more costly than corona for UK

The long-term economic cost of a no-deal Brexit for the UK would amount to £160bn (€174bn), compared to government estimates for the coronavirus pandemic cost of £40bn, the London School of Economics said in a study. The UK left the EU in January but a transition period still allows for normal trade with the EU until 2021, amid faltering talks between the two sides to agree a long-term trade regime.

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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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