Friday

29th Mar 2024

Ticker

EU 'not intimidated' by Russia, Michel tells US

"We don't accept Russian behaviour and we are certainly not intimidated by Russia. We want to coordinate closely with the US," EU Council president Charles Michel told a videoconference held by US think-tank the Atlantic Council on Wednesday, in damage-control to transatlantic relations. He spoke after EU top diplomat Josep Borrell criticised US policy on Cuba while visiting Russia last week, while Moscow expelled three European diplomats.

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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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