Thursday

1st Jun 2023

Ticker

Reding: 'Eurozone should become the United States of Europe'

European Commission vice-president Reding told Cambridge University students Monday "the eurozone should become the United States of Europe." She added: "I believe that the UK will not be part of this," but said it "should ... share a common market, a common trade policy, and hopefully a common security agenda"

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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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