Ad
The fast growing economies of future euro area member could also be affected by housing market busts (Photo: Latvian parliament)

Brussels urged to act on housing bubbles

Newcomers to the eurozone who are still playing economic catch-up could in the future suffer the same real estate overheating as Spain and Ireland, a new study by Bruegel, a Brussels-based think-tank has warned.

According to authors of the policy brief titled "A Tale of Two Countries", published on Tuesday (10 May), Brussels should introduce stricter surveillance to help EU member states react before the housing market bubbles burst.

"There are no incentives from the euro area sys...

To read this story, log in or subscribe

Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.

Already a member? Login
The fast growing economies of future euro area member could also be affected by housing market busts (Photo: Latvian parliament)

Tags

Ad
Ad
Ad