Thursday

1st Jun 2023

Ticker

EU puts Georgia visa-free deal on hold

EU states' ambassadors on Wednesday put on hold plans to grant visa-free travel into the passport-free Schengen zone to Georgia, after France, Germany and Italy objected to moving ahead. Germany cited one reason as being that Georgian criminal gangs in Germany, which specialise in home burglaries, have become a public concern and that Tbilisi should help solve the problem before the EU proceeds.

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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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