Wednesday

31st May 2023

Ticker

Council of Europe puts Turkey on watch list

The Parliamentary Assembly of the Council of Europe decided Tuesday to put Turkey on its watch list until “serious concerns” about respect for human rights, democracy and the rule of law “are addressed in a satisfactory manner”. The assembly’s decision was passed with 113 votes against 45 and marks the first time Turkey will be monitored since 2004. The Council has limited enforcement powers over its 47 member states.

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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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