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.
Climate Crisis
Bloomberg: Banks Warn They’re Not Ready for ECB’s Historic Climate Tests
Well, what a surprise. Let us see if there will be any fines. Read here
Economics
Zero Hedge: “The Situation Is Dire”: Half Of Available Global LNG Tankers Are Trapped In The Persian Gulf
There are thousands of ships in the global oil tanker fleet, by some estimates nearly as many as 9000 (and that excludes sanctions vessels). Just a fraction of these are either waiting to enter the […]
EU politics
Portugal’s Socialists toast ‘biggest ever’ election win
From Politico The Portugese Socialist Party won an impressive electoral victory following its easing of austerity. Danger lurks, however, as the two far left parties in coalition with the Socialists, crucial in driving anti-neo-liberal policy, […]
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