Thursday

28th Mar 2024

Ticker

Kosovo defies EU, opens Jerusalem embassy

Kosovo, on Sunday, opened an embassy in Jerusalem with a flag-raising ceremony, marking the first majority-Muslim country to recognise the contested city as Israel's capital. The EU previously warned Kosovo, which wants to join the EU, not to do so because it contradicted EU foreign policy. The Jerusalem deal was brokered by the US in return for Israel's recognition of Kosovo sovereignty, which five EU states have still not done.

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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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