Friday

29th Mar 2024

Ticker

Southern EU states expect 150,000 migrants this year

Cyprus, Greece, Italy, Malta, and Spain expect 150,000 migrants this year amid food-shortage worries caused by the Ukraine war, the Cypriot foreign minister said after the five countries' ministers met in Venice, Italy, Saturday, Reuters reports. "If wheat remains blocked in the Black Sea ports, we must expect a greater [migrant] flow," Italian interior minister Luciana Lamorgese said Friday. Some 123,000 people arrived in the five frontline states last year.

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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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