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.
French President Emmanuel Macron’s crackdown on anti-government protests with tougher police tactics hit a fresh snag on Thursday as France’s Constitutional Court canned one of the central elements of the new rules. Read here
Gas has no place in a 1.5˚C world, and its use should already have peaked, but instead the expansion of the industry continues to rise, according to a new report by Climate Analytics. Read here
Tax haven based companies won 5 % of the value of public tenders throughout EU countries in 2006-2017. That yields a rough estimate of 100 bilion EUR being awarded annually to such companies. Read here