Thursday

1st Jun 2023

Ticker

Officials surprised by Macron's call for seperate EU-Russia talks

Brussels remains committed to follow US-led on negotiations with Russia, EU officials said according to the Financial Times. French president Emmanuel Macron fell out of line when he called for a separate EU dialogue with Moscow on Wednesday. "We were given zero notice of this crazy idea," one source said. Macron blindsided EU diplomats, pushing EU states to "start their own dialogue" in his speech at the European Parliament.

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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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