Across the country, property prices were up 5 per cent during the first half of 2016. The greatest increases have been in cities such as Frankfurt, where prices of new-build apartments have risen 59 per cent since the beginning of 2008. A building shortage is exacerbating the problem. Source: FT
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Czech Premier Bohuslav Sobotka said his Social Democrats could create a ruling coalition with the opposition Communists to prevent billionaire Finance Minister Andrej Babis from taking power after fall elections. Sobotka said his party has already held a number of functioning coalitions with the Communists in regional administrations Source: Bloomberg
Speaking in an interview in the February issue of “Gold Investor” — a magazine issued by the World Gold Council, Greenspan argued that imbalances in the economic strength of eurozone nations make the continued function of the single currency area a major concern. Source: Business Insider
A special budget only for the countries of the euro area, the EU Council as “a true legislative chamber” – MEPs propose. The report by Italian Socialist Mercedes Bresso and the German Christian Democrat Elmar Brok proposes reforms that would not require changes in the EU Treaty of Lisbon. Source: PAP/Onet