The ECB’s interest rate hikes are having clear negative effects on the housing market in Germany.
Building permits for new construction issued in January and February 2023: -28.4% for single-family houses, -52.4% for two-family houses, -23.0% for multi-family houses
Photo: Andreas Schwarzkopf licensed under the Creative Commons Attribution-Share Alike 4.0 International
December data signalled an eighth successive monthly decrease in home building across the Eurozone. The contraction was steep overall and, when excluding COVID-19, the sharpest since March 2013. The drop in activity levels at German […]
“During the day in Skopje, voters backing the change said they hoped it would lead to a more democratic country, more closely integrated into the West.” What better way to join in EU democracy” than […]
Today Greece officially came out of the strait jacket of the so-called Troika bailout programme. Outside of Syriza, probably no one in Greece will be celebrating Read here
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