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.
Austerity
Chris Dillow: The persistence of fiscal stupidity
The United Kingdom continues its destructive policy of austerity under the guise of “Every household knows you cannot spend what you do not have”. As so many critics have pointed out, there were hundreds of […]
EU politics
Broadly: Spain Erupts in Protests as Court Upholds ‘Wolf Pack’ Gang Rape Acquittal
All the pundits keep asking where fascism suddenly appeared from in Spain. It never left. The same is true in Germany and Italy. Read here
Austerity
Owen Jones – The hard right can only be defeated from the left, not from the centre
It is a paradox: the centre-right and centre-left parties with their neo-liberal policies have lost democratic credibility and have opened the gates to the ultra-right and fascist parties. These same political elements are now supposed […]
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