Friday

29th Mar 2024

Ticker

Cioloş to resign as chair of Renew Europe

Romanian MEP Dacian Cioloş announced on Friday that he will step down as chair of the liberal Renew Europe group in the European Parliament, if a party congress would confirm his victory in a national party leadership contest. "I will step down as president of Renew Europe. I'll go inform my colleagues next week," Cioloș said to the Romanian press. It is not clear yet if this confirmation took place.

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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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