Thursday

28th Mar 2024

Ticker

EU blesses France's €3bn state-aid scheme

France has got the European Commission's green light to pay out €3bn in state aid to some 100 companies in distress due to the pandemic, Reuters reports. The so-called Transition Fund will be used to pay down corporate debt and inject capital using loans and share purchases. The EU has loosened state-aid and national-debt rules in the wake of coronavirus and is also pumping billions of aid into member states.

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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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