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29th Mar 2024

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US official berates new EU farm policy

A senior US official has verbally mauled the EU's new farm policy, over its focus on environmentalism and its anti-GMO stance. "Europe is choosing to export this philosophy and dictate to other countries around the world ... What do we say to our kids and our grandkids when famine and starvation sets in, and it will, it will," Ted McKinney, the under-secretary for trade and foreign agricultural affairs, said Tuesday.

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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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