Where finance and media intersect with reality

ECB faces up to a self-made paradox on green finance (POLITICO)

By Ben Munster, Geoffrey Smith · Nov 24, 2023, 2:05 PM The European Central Bank: You all need to spend half a trillion euros to prevent a disaster that will make the planet uninhabitable. Also the European Central Bank: We’d love to help, you understand, but we’re legally required to only make things worse. Let […]

Pfizer is suing Poland over vaccines. This is how we got here (POLITICO)

By Carlo Martuscelli · Nov 22, 2023 It took a while, but the bill finally came. On Tuesday evening, Gazeta Prawa reported that U.S. pharmaceutical giant Pfizer is taking the Polish government to court over missing payments for 60 million doses of the COVID-19 vaccine it developed with BioNTech. The lawsuit, which comes as Poland […]

BoE considers HMT indemnity for losses ‘binding’ (POLITICO)

By Izabella Kaminska · Nov 21, 2023 LONDON ― The Bank of England would likely treat any failure by the U.K. Treasury to transfer funds to cover losses related to quantitative easing as a breach of the indemnity it was issued by government in 2009, policymakers were told on Tuesday. The guarantee, that was theoretically […]

Dentists, bakers and trained killers: Meet the French navy’s elite crew (POLITICO)

By Laura Kayali · Oct 23, 2023 ABOARD THE FRENCH HELICOPTER CARRIER TONNERRE — John Denver’s “Country Roads,” a folk song from 1971, resounds through the Tonnerre. It’s 7:30 a.m., and some of the crew aboard the Mistral-class amphibious helicopter carrier are already eating breakfast — loading up on calories ahead of a planned exercise […]

How Elon Musk made eastern Germany great again (POLITICO)

By Wilhelmine Preussen · Oct 11, 2023 GRUNHEIDE, Germany — Grünheide isn’t a household name, even in Germany — but Elon Musk’s announcement four years ago that he’d build Tesla’s first European gigafactory near the eastern German town put it on the map. Now French President Emmanuel Macron, Italian PM Giorgia Meloni and Turkish President […]

Meet the farmers who control one-third of the EU’s budget (POLITICO)

By Bartosz Brzeziński, Paula Andrés · Oct 6, 2023 BRUSSELS — Franc Bogovič spent 16 years selling pesticides. Now he’s leading the charge in Brussels against an EU master plan to wean farmers off them. The 60-year-old European lawmaker lives in the Kozjanski Park — a biodiversity hotspot in eastern Slovenia that is protected under […]

Poland’s PiS under fire for massaging inflation data (POLITICO)

By Ben Munster, Izabella Kaminska · Sep 28, 2023,  A high-stakes electoral gamble over inflation by Poland’s central bank may be about to pay off, with preliminary September figures on Friday expected to show a large slowdown in consumer price rises, supporting the central bank’s contentious decision to aggressively cut rates earlier this month. But […]

EU boosts imports of Russian LNG despite phaseout pledge (POLITICO)

By Victor Jack · Aug 30, 2023 Russian sales of liquefied natural gas to the EU hit record levels this year despite the bloc’s efforts to cut back on energy imports from Moscow, new data shows. EU countries bought 9.5 million tons of LNG from Russia from January to July, according to the Kpler market […]