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29th Mar 2024

Ticker

EU agrees another €500m for Ukrainian arms

EU foreign ministers agreed Monday another €500m of EU funding to supply arms to Ukraine, taking the bloc's security support to a total of €2.5bn since Russia invaded Ukraine. The money is designed to help EU countries to jointly buy equipment and supplies. EU rules prevent countries to use the bloc's seven-year budget for military operations, but the €5bn European Peace Facility can be used, which is now half exhausted.

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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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