To address a housing shortage, Spain’s second city says bank-owned properties can no longer sit empty.
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CityLab: Barcelona Forces Banks to Turn Repossessed Homes Into Affordable Housing
Economics
DeStatis – German Recession: New orders in manufacturing in May 2024: -8.6% year on year
New orders in manufacturing: May 2024 (in real terms, provisional): -1.6% on the previous month (seasonally and calendar adjusted) -8.6% on the same month a year earlier (calendar adjusted) April 2024 (in real terms, revised): […]
EU politics
Radosveta Vassileva: Extradition to Russia from an EU State
A Bulgarian Regional Court, at the first instance, allowed the extradition of a Russian national, to Russia at the request of the Russian Prosecutor’s Office. Judicial incompetence? Political bias? Or rule-of-law decay? Read Here
Climate Crisis
Bloomberg: Banks Warn They’re Not Ready for ECB’s Historic Climate Tests
Well, what a surprise. Let us see if there will be any fines. Read here
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