Friday

29th Mar 2024

Ticker

UK to probe British Virgin Islands lawlessness

The UK has appointed judge Gary Hickinbottom to lead a special enquiry into increasing lawlessness in its Caribbean protectorate, the British Virgin Islands (BVI). The BVI has long been known as a tax and money-laundering haven, including in several EU bank scandals. But massive hauls of cocaine and recent reports of tens of millions of dollars in embezzled funds from government construction projects prompted Britain to take action.

Read and decide

Join EUobserver today

Get the EU news that really matters

Instant access to all articles — and 20 years of archives. 14-day free trial.

... or subscribe as a group

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."

Join EUobserver

EU news that matters

Join us