Wednesday

31st May 2023

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EU commission to propose 2016 budget on Wednesday

The European Commission will present its proposal for the 2016 EU budget on Wednesday. EU parliament president Martin Schulz has already asked the EU to increase funding for humanitarian and development aid or face the possible blocking of the 2016 budget. The current 2015 EU budget is €145bn.

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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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