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
Bill Mitchell: When two original MMT developers get together to discuss their work
Bill Mitchell/Warren Mosler provide a great primer on Modern Monetary Theory, and a reminder of 25 years of thinking/observation that’s gone into what’s become a precise body of work. Read here
EU politics
The Observer: Parliament seizes cache of Facebook internal papers
Documents alleged to contain revelations on data and privacy controls that led to Cambridge Analytica scandal Read here
EU politics
Thomas Fazi: How the Establishment Is Domesticating Populism
The victory of the right-wing candidate George Simion in the first round of Romania’s rerun presidential election has been celebrated by some on the right as a populist victory. By this account, the EU- and […]
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