After a couple of weeks of euphoria about how the EU economy has turned a corner and all is well, which was supported by yesterdays falsified GDP numbers the ECB writes:
Net demand by households for housing loans decreased at its largest rate on record (net percentage of -74%, after -42% in Q3 2022; see Overview table). Demand for consumer credit also decreased strongly, albeit to a lesser extent than for housing loans in net terms (net percentage of -29%, after -11%, see Overview table).
Ground forces of the German Bundeswehr will participate in a combat exercise in Australia this summer, in a follow-up to its naval and airborne exercises in the Asia-Pacific region. Read HERE
Interesting development concerning EU independence. Read here
The European Commission is asking countries to commit to structural changes to address deep-seated problems such as soaring debt and an over-reliance on temporary contracts. That did not take long. They have not even disbursed […]
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