1st Jun 2023


New president for European Committee of the Regions

The European Committee of the Regions (CoR) elected on Wednesday a socialist member of the Azores regional parliament, Vasco Alves Cordeiro, as their new president for the next two-and-a-half years years. Former president Apostolos Tzitzikostas, governor of Central Macedonia in Greece, was elected as the first vice-president. Cordeiro, who has been a CoR member since 2013, is the first Portuguese president of the committee.

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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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