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29th Mar 2024

Ticker

Finnish parliament backs EU €800bn recovery plan

Finland's parliament on Tuesday voted in favour of the EU's €800bn Covid-19 recovery plan, which required a two-thirds majority in parliament. The vote had been delayed by a week after the nationalist and eurosceptic Finns party prolonged the parliament debate by filibustering. Last month the parliament's constitutional law committee ruled the legislation required a two-thirds majority to pass - which prompted the centre-left government to seek support from opposition parties.

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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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