Friday

29th Mar 2024

Ticker

Macron and Draghi unite for more flexible EU fiscal rules

French president Emmanuel Macron and Italian prime minister Mario Draghi called on Thursday for reforming the EU's fiscal rules to allow greater investment spending. "Just as the rules could not be allowed to stand in the way of our response to the pandemic, so they should not prevent us from making all necessary investments," they wrote in a column in the Financial Times. Berlin has been more reluctant.

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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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