This is the result of the financialisation of homes. Dirty money, be it from developing nations or the rich in the advanced economies is seeking secure havens. And what is more secure than nations, like those of the EU, which protect such transactions via weak regulatory systems. That this has occurred has to do more with a few judges and prosecutors in Spain than a efficient rule of law.
Economics
Grace Blakeley: The next recession won’t be like 2008’s accelerated crisis – it’ll be long, slow and deep
Eleven years on from the crisis of 2008, we are entering a co-ordinated global slowdown, and policymakers must not be complacent. Read here
EU politics
Al Jazeera – ‘We Jews are just arrested; Palestinians are beaten’: Protesters in Germany
In Germany, phrases including ‘from the river to the sea’ are banned and police are arresting people for using them. Read HERE
Economics
Heiner Flassbeck: Saving is the problem, debt is the solution
Talking about debt without taking saving into account is pointless. Read HERE
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