31st May 2023


Anti-austerity protests in Madrid, Frankfurt and Lisbon

Thousands of anti-austerity protesters over the weekend took to the streets of European cities, including Madrid, Frankfurt and Lisbon. Around 15,000 people gathered outside the International Monetary Fund’s Lisbon headquarters shouting “IMF, out of here,” AP reports. In Frankfurt, protesters targeted the European Central Bank and banking giant Deutsche Bank.

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ECB: eurozone home prices could see 'disorderly' fall

The European Central Bank in its Financial Stability Review warned EU home prices could see a 'disorderly' fall as high mortgage rates are making houses unaffordable for households and unattractive for investors.

Adapting to Southern Europe's 'new normal' — from droughts to floods

Extreme weather events in recent months have worsened agricultural production in southern Europe, prompting concerns for authorities in Portugal, Spain, France and Italy. As countries will likely face dryer conditions, experts urge adaptation measures for the 'new normal'.

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