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29th Mar 2024

Ticker

Far-right collapses in Vienna election

In city elections in Vienna the far-right anti-immigration Freedom Party (FPÖ), plummeted to 7.5 percent, down from nearly 31 percent in 2015, Deutsche Welle reports. The party, led by disgraced far-right politician, Heinz-Christian Strache, will not enter the city's parliament. Strache was involved in a high-profile corruption scandal. The biggest winner was the centre-left SPÖ, led by Mayor Michael Ludwig, with 41.7 percent of the vote.

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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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