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29th Mar 2024

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EU warns Lebanese elite of 'targeted sanctions'

Lebanese leaders could face EU visa-bans and asset-freezes for obstructing the formation of a new government and implementing reforms, EU foreign affairs chief Josep Borrell said in Beirut Saturday. "We stand ready to assist, but if there is further obstruction to solutions to the current multi-dimensional crisis in the country, we will have to consider other courses of action ... including targeted sanctions," Borrell said after meeting president Michel Aoun.

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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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