Friday

29th Mar 2024

Ticker

Sarkozy sentenced to jail over corruption

Former French president Nicolas Sarkozy was sentenced to jail by a court on Monday, after being found guilty of corruption and influence-peddling. Sarkozy received a three-year term, of which two are suspended. He is expected to appeal, and is unlikely to spend any time in prison, given he can wear an electronic bracelet or remain confined at home. Sarkozy was president from 2007 to 2012.

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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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