1st Jun 2023


Macron proposes EU internal borders council for Schengen

The EU needed a "real Schengen Council to supervise the Schengen area, like what we have for the eurozone" French president Emmanuel Macron said in a speech in Tourcoing, France, Wednesday, following a meeting with EU interior ministers, AP reports. The passport-free Schengen travel zone covers most EU states plus Iceland, Liechtenstein, Norway, and Switzerland. The eurozone is governed by a so-called Eurogroup of finance ministers, which meets regularly.

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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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