Greek government officials have called for the expulsion of SYRIZA MEP Nikos Pappas due to allegations of corruption and misuse of public funds. Pappas, a close ally of former Prime Minister Alexis Tsipras, is facing mounting pressure to step down from his position in the European Parliament. The government’s move reflects a broader crackdown on corruption within Greek politics.
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Lagarde signals ECB rate-cutting ‘nearly concluded’
The European Central Bank (ECB) has reduced borrowing costs by a quarter point to 2% as it approaches the end of its rate-cutting cycle amid uncertainties from Donald Trump's trade war. ECB President Christine Lagarde emphasized the bloc's strong position to handle these uncertainties, while also discussing the potential for her to shorten her term for a role in the World Economic Forum. The ECB lowered its inflation outlook to 2% for this year, with...
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