1st Jun 2023


Germany could miss EU debt target

The fiscally prudent Germany could miss the EU's debt target of 60 percent of GDP due to a possible downturn in its economy. "Germany has not abandoned to stick to the goal, but recent economic developments mean that this target will be harder to hit", a finance ministry spokesman said Wednesday according to Reuters. Germany has in the past led criticism on overspending by left-leaning governments, for instance, in Italy.

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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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