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: The last thing we need is a return to fiscal surpluses and rising household debt
The cost of living problem requires patience – we need to wait out the supply chain impediments. The fiscal support needs to be maintained to ensure we don’t kill the real side of the economy […]
EU politics
Politico – EU takes revenge on Trump’s tariffs as countries approve €20B+ retaliation
These are only retaliatory tariffs on those previously imposed by Trump on European steel and aluminium. The big test will be how the EU responds to the blanket 20% tariff announced on ‘Liberation Day’. Read […]
National Politics
Patrick Fox: Western paternalism in Africa reaches its limits
Decades of failed policy, including US and French counterterrorism programs, have some African leaders looking for alternatives. Read Here
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