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.
EU politics
Reuters: Luxembourg wary of EU anti-money laundering plan, Denmark in favour
Every time financial issues com up they become bogged down in controversy and then fade away. We have seen this with the transaction tax, tax evasion, and now money laundering. Read here
EU politics
Dimitrina Petrova – The 1989 Revolutions and the Roots of Illiberal Populism
The deep unfairness of the transition from communism in Central and Eastern Europe fed the illiberal populist rebellion across the region today. Read here
Corruption
Romania Insider: Corruption scandal hits biggest private university in Romania, pro-rector arrested for bribery
Once again the EU proves that the market will best regulates supply and demand. They probably were taught this by the German hegemon, where many prominent German politicians cheated to obtain their PhDs. Read here
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