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29th Mar 2024

Ticker

Orbán: German €200bn shield is start of 'cannibalism in EU'

Hungarian prime minister Viktor Orbán warned that Germany's planned €200bn stimulus package could erode EU unity. "The sanctions policy is imposed on everyone, but there is no common fund to compensate for the financial consequences," Orbán said on Monday in Budapest. "The rich will bail out their companies with huge sums, while the poor cannot do this. [...] This is the beginning of cannibalism in the EU," he added.

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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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