Thanks to the massive interest rate increase by the ECB, inflatiion, and the totally chaotic policies of the German government (Social Democrats, Greens, and Liberals) Germany has registered the largest decline in residential property prices from the same quarter of the previous year since the beginning of the time series in 2000.
EU politics
Reuters: Poland passes legislation allowing migrant pushbacks at border
This is the sort of stuff Donald Trump dreamed of. Now in the EU. Read here
Deregulation
The Local no: Strike leaves Norway’s trains at a standstill: here are your rights as a passenger
The industrial action, which began at 12pm on Thursday and was scheduled to continue until 2pm, is in protest at EU rail regulations. Read here
Economics
Bill Mitchell: First signs of a slowdown in the US labour market
The justification by the US Federal Reserve for pushing up interest rates to quell wages pressure does not stack up with the evidence. Read Here
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