A British exit from the European Union may trigger a recession in Denmark and Finland later this year and would shave up to one percentage point off economic growth in the Nordic region in 2017. “Our best estimate is that growth would suffer already in the second half of 2016.” Source: Reuters
Berliners cast their referendum votes on whether to nationalize thousands of housing units owned by real estate giants. After counting all votes, over 56% voted in favor of the measure.Source DW
Britain, which faces soaring natural gas prices, has been forced to run coal-fired power stations in order to secure energy supplies, electricity generation company Drax said on Thursday. Source France24
Two more energy firms have ceased trading as rocketing wholesale gas and electricity prices push the majority of the UK’s smaller energy suppliers to the brink. Avro Energy and energy firm Green have both collapsed today putting hundreds of thousands of customers into limbo. Ofgem has reassured people affected that their energy supplies will continue. Source Wales Online
