Friday

29th Mar 2024

Ticker

France wants EU to become a 'superpower'

The EU needed to become the world's third-largest military superpower, the debacle in Afghanistan has shown, French defence minster Bruno Le Maire said at a business congress near Lake Como in Italy Saturday, Reuters reports. "Europe has to become the number three super-power besides China and the United States. Let's open our eyes, we're facing threats and we cannot rely anymore on the protection of the United States", he said.

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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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