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29th Mar 2024

Ticker

Poland risks losing EU recovery money in rule-of-law clash

The European Commission has said it might withhold money from Poland's Covid recovery plan due to concerns on the lack of rule of law. "We are analysing the [Polish] decision also in that light," an EU spokesman said Thursday, referring to Poland's decision to ignore an EU court ruling, which said it must suspend a politicised judicial disciplinary chamber. The commission also "wouldn't hesitate" to launch legal action, it added.

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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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