ICYMI: Germany floats subsidies for energy-intensive industries (POLITICO)
By Victor Jack, Gabriel Rinaldi · May 5, 2023 BERLIN — Germany’s Economy and Climate Minister Robert Habeck on Friday proposed a plan to subsidize electricity costs for struggling energy-intensive industries, hinting at support for EU joint debt to fund the measure bloc-wide if necessary. In a working paper, Habeck’s ministry suggested reimbursing energy-intensive companies […]
ECB needs a new type of bazooka to battle Baltic risk (POLITICO)
By Johanna Treeck · May 5, 2023 FRANKFURT — Russia’s war has pushed borrowing costs for the Baltic states above those of the most indebted eurozone member countries, opening a new chapter in a saga that has been an obsession of policymakers and financial markets since the sovereign debt crisis. This time it’s not out-of-control […]
