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.
Corruption
Reuters: Italian government faces criticism over consulting contract with McKinsey over EU funds
Why does the EU need a political class if it is no longer capable of governing? To decide which consultants will do their work and then collect the kickback? Read here
Economics
BBC: Coronavirus: Uber announces drastic cuts to secure its future
Even Über Eats, despite a surge in income, is still loss making. Read here
Corruption
Toby Green: The false prophets who doomed Nigeria – The promise of a prosperity is unravelling
Five years ago, economists prophesied a prosperous future for Nigeria, and the rest of the continent. Yet today, the country is facing what one leading Nigerian academic recently told me is its “biggest crisis since […]
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