1st Jun 2023


Germany will need immigration 'to avoid labour shortages'

German economy minister Robert Habeck, from the Greens, said on Tuesday that greater immigration will be essential to prevent labour shortages in the future, which could lead to "real productivity problems". "We have 300,000 job openings today and expect that to climb to a million," Habeck told reporters, according to Reuters. The number of people employed in Germany grew to almost 45 million in 2021, despite the pandemic.

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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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