Thursday

28th Mar 2024

Ticker

Ex-ECB chief Draghi asked to form Italian government

Italian president Sergio Mattarella is to ask former European Central Bank chief Mario Draghi to form a new ruling coalition Wednesday. The move comes after a previous one fell apart over infighting between a minor party and ex-PM Giuseppe Conte, who stepped down. Mattarella appealed to "all the political forces in parliament to give their confidence to a high-profile government able to deal promptly with the serious emergencies" Italy faced.

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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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