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29th Mar 2024

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German government to sell quarter of its stake in Lufthansa

Germany has announced plans to sell up to a quarter of its stake in Lufthansa, Deutsche Welle writes. The German finance agency said the move would take place in the coming weeks and cited positive development at the airline. The state's 20 percent stake was acquired for €300m. The federal government announced the 20 percent stake initially to help the airline mitigate the effects of the global pandemic.

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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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