Friday

29th Mar 2024

Ticker

Italian government in knife-edge vote

Italian prime minister Mario Draghi will address the senate on Wednesday morning, before a vote on his speech later the same evening that could decide whether he stays or goes, Reuters reports. Draghi recently resigned due to disloyalty from coalition members, but the Italian president, Sergio Mattarella rejected his resignation, putting the country in limbo. If Draghi's government cannot be revived, elections are expected in September or October.

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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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