Thursday

28th Mar 2024

Ticker

Belgian PM warns of '10 difficult winters' for Europe

Belgium's prime minister has warned Europe is facing a future where the next "five to10 winters will be difficult", due to soaring energy prices from the Russian invasion of Ukraine, Bloomberg reports. Alexander De Croo said on Monday "The development of the situation is very difficult throughout Europe. Some sectors are facing serious difficulties with these high energy prices." European natural gas prices are around 15 times the summer average.

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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."

Podcast

Moscow's terror attack, security and Gaza

This week's Euroscopic explores the consequences of Moscow's terror attack, the convergence of public safety and border/migration policy in an EU election year, and the United Nations Security resolution demanding an immediate ceasefire in Gaza.

Opinion

Why UK-EU defence and security deal may be difficult

Rather than assuming a pro-European Labour government in London will automatically open doors in Brussels, the Labour party needs to consider what it may be able to offer to incentivise EU leaders to factor the UK into their defence thinking.

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