Friday

29th Mar 2024

Ticker

EU launches legal action against UK over Brexit bill

The EU Commission on Thursday launched a legal action against the UK for breaching its obligations under the Brexit withdrawal agreement. The commission has sent a letter to London beginning a formal infringement process, to which the UK now has one month to reply. The UK's internal market bill will violate the agreements on the Northern Ireland border issue, and London has already acknowledged it breaks international law.

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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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