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
Craig Mackay – Endemic Corruption in the UK?
Europeans believe they have very little corruption. That is because laws have been created to make corrruption legal – at least when it is on a large scale. Read here
Economics
Eurostat: Seasonally adjusted government deficit at 4.7% of GDP in the euro area and 4.5% of GDP in the EU
Governments trying to stave off recession by increasing their spending. Germany will not be pleased. Read HERE
Economics
DeStatis – Germany: Producer prices of agricultural products up 34.7% in March 2022 year on year
Highest increase in producer prices of agricultural products since the beginning of the survey. And now the nation is in the midst of a drought. Result of failed economic and environmental policy over the past […]
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