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.
Finance
Notayesmanseconomics’s Blog: The Italian banks and how they have contributed to a possible end to deposit protection
This is an interesting blog concerning the state of Italian banks and how their crisis could change EU banking. Read here
EU politics
Labour Heartlands: EU Parliament picks Guy Verhofstadt for ‘New President’ role to set the future of the EU
An absolutely fascinating article. Not to be overseen, besides the ultra-neoliberal, anti-democrat Verhofstadt all the EU politician named for future prominent roles are German (Yes, David McAllister is also a failed German politician in need […]
EU politics
The Guardian: Catalan leader ordered to stay in jail as court rejects ‘political prisoner’ claims
Is this the future of democracy in the EU? The Spanish government calls for new elections in Catalonia. The pro-independence parties win. One leader is kept in prison, the other outside of Catalonia. This is […]
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