Thursday

28th Mar 2024

Ticker

Hungary shifts universities to 'private' control

Hungary's parliament passed legislation on Tuesday setting up foundations to take control of universities and cultural bodies. Critics say the move extends the right-wing government's ideological control and robs the state of vast assets. The government argued that restructuring is needed for modernisation. The new foundations' boards will be appointed by the government, which will control real estate assets, firms, benefit from EU funds, and influence the universities' governance.

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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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