1st Jun 2023


Austria ex-finance minister advising Gazprom

Hans Jorg Schelling, Austria's former finance minister, is doing consultancy work for the Nord Stream 2 pipeline project according to the Austrian regional newspaper, Oberosterreichische Nachrichten. The controversial pipeline is being laid by the Russian-state gas giant Gazprom but has generated backlash among international observers given how the Kremlin uses energy supplies to leverage political and strategic concessions.

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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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