News

01-07-25

Brussels Flash 188

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Europe’s housing crisis hits young people the hardest

According to Eurostat, young Europeans have been hit particularly hard by the housing crisis. In 2023, nearly 15% of 16–29-year-olds struggled to pay their rent, with rates exceeding 23% in France and Greece.
On average, 26% of young people live in overcrowded accommodation, with rates exceeding 50% in several Eastern European countries. The proportion of young adults living with their parents has also increased, reaching 40% among young employees in Ireland.
Between 2010 and 2023, house prices in the EU will have risen by almost 50%, and rents by around 25%. These increases far outstrip the rise in salaries. Access to independent housing is therefore becoming increasingly difficult for under-30.
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EU’s path to a harmonised AML framework: enhancing regulatory cooperation

The event, 'Towards a Harmonised AML Framework in the EU to Strengthen Financial Crime Prevention', occured on the 25th of June 2025.
It brought together representatives of the European Commission, regulators, financial intelligence units and experts from the private sector.
The main objective is to establish a harmonised anti-money laundering framework within the EU, mainly through the European Anti-Money Laundering Authority (AMLA) and the Single AML/CFT Rulebook.
Discussions also focused on the EBA's regulatory technical standards and on risk assessment in the Member States. Speakers addressed the balance between compliance, data protection and technological innovation, with a particular focus on artificial intelligence.
Translated with DeepL.com (free version)
The aim of the meeting was to strengthen cross-border cooperation and improve the prevention of financial crime. This event is part of a wider European initiative to create a safer and more efficient economic system.
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Airbnb’s role in European tourism

Amid mounting political pressure, Airbnb has recently launched a media campaign to clarify its impact on tourism in Europe.
According to a report by Airbnb based on Eurostat data, hotels remain responsible for most of the overtourism in Europe's ten most visited cities. Almost 80% of nights tourists spend are in hotels, compared to a much smaller proportion for short-term rentals.
Airbnb indicates that its accommodation is more geographically dispersed, meaning visitors are more evenly distributed.
The company also claims that restrictions on rentals have not reduced overtourism, citing the examples of Amsterdam and Barcelona.
Despite the regulations, the number of tourists continues to rise in these cities.
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Europe’s Climate Investment Gap: Progress and Challenges in 2025

According to the report ‘The State of Europe's Climate Investment, 2025 edition’, the European Union faces a major challenge in the climate transition.
In 2023, climate investment reached €498 billion — insufficient to meet the 2030 targets, which require €842 billion per year. This represents a shortfall of €344 billion.
Investment growth is slowing, with an increase of just 1.5% compared to the previous year. Certain key sectors, such as wind energy and building renovation, are lagging well behind. However, investment in solar energy and battery manufacturing shows a surplus, thanks to recent strong momentum.
The report emphasizes that climate policies without adequate funding will fail to achieve Europe's targets and that the cost of inaction will only increase. It therefore calls for a clear, coordinated, long-term investment framework to guarantee Europe's ecological transition and industrial competitiveness.
Check the report.