Thursday

28th Mar 2024

Ticker

Swedish PM resigns after election defeat

Sweden's prime minister Magdalena Andersson resigned on Thursday, paving the way for a change of government. The speaker of the parliament is now expected to give the head of Sweden's Moderate Party, Ulf Kristersson, a mandate to form a new government, following Sunday's general election. His right-wing group includes the far-right Sweden Democrats. The result has been a blow to Andersson's Social Democrats, which remain Sweden's largest single party.

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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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