Friday

29th Mar 2024

Ticker

EU court set to rule on Hungary, Poland rule-of-law challenge

The European Court of Justice will rule on 16 February on the legality of the new mechanism linking EU funds to respect for the rule of law, which was challenged by Poland and Hungary last year. The tool has been threatened against Budapest and Warsaw where governments oversaw a decline in EU democratic standards. The court's adviser ruled last month that their challenges should be rejected.

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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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