Thursday

28th Mar 2024

Ticker

UK fisheries offer 'totally unacceptable' for EU

The European Union's Brexit negotiator, Michel Barnier, told EU ambassadors in Brussels on Tuesday that divisions over fisheries in the Brexit negotiations remain, Reuters reported. Barrier described the latest offer on sharing out fish catches from 2021 as "totally unacceptable". The EU is willing to cut the value of fish caught in UK waters by around 25 percent, while Britain is demanding a 30-35 percent cut, said a diplomat.

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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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