| It's mainly for Southern Europe's benefit that the European Central Bank is keeping its monetary-policy floodgates wide open. But in a currency union, cheap credit lifts all boats. Exhibit A is the ongoing boom in Northern European real estate.
Not half a decade after a calamitous housing bust in many European countries, property prices are being bid up in new markets, as investors flee the Mediterranean badlands seeking stable returns. This could end badly...............................................Full Article: Source
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