Business Brief: Why we’re caught up in Berlin’s identity crisis

  • 📰 globebusiness
  • ⏱ Reading Time:
  • 34 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 66%

Newsletter أخبار

Noastack,Newnewsletter

One of Europe’s coolest cities is getting costlier

Good morning. I’m Irene Galea, a business reporter covering technology. Over the past few months, I’ve been reporting from Berlin as part of a fellowship that brought me to the economics desk of Die Welt, Germany’s newspaper of record. From there, I witnessed first-hand the increasingly acute pain being felt by businesses and consumers across Europe’s largest economy.

I quickly discovered that Berlin has outgrown its reputation for housing affordability. While the cost of living is still lower than in many European capitals, the city has seen the rents triple over the last two decades. Why does this matter? I think University of Toronto political science professor Alexander Reisenbichler expressed it well when he told me the housing gap has resulted in “a new social and economic fault line,” which is having wider consequences for the country’s political landscape. After a summer covering German politics, I saw the degree to which housing unaffordability is leading to frustrations often directed squarely at newcomers.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 31. in SA
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Business Brief: BRICS and the balance of powerAlso in today’s edition: the cost of cyber crime recovery and pharmacies as a business
مصدر: globeandmail - 🏆 5. / 92 اقرأ أكثر »

Business Brief: A volatile week ahead of The VoteAlso in today’s edition: Why China is investing heavily in Hungary
مصدر: globeandmail - 🏆 5. / 92 اقرأ أكثر »

Business Brief: A volatile week ahead of The VoteAlso in today’s edition: Why China is investing heavily in Hungary
مصدر: globebusiness - 🏆 31. / 66 اقرأ أكثر »

Business Brief: Five takeaways from a whirlwind weekAlso in today’s edition: Why it’s not time to panic about consumer insolvencies – yet
مصدر: globeandmail - 🏆 5. / 92 اقرأ أكثر »

Business Brief: Do not listen to ‘Warren Buffett’Also in today’s edition: Climate change goes too far
مصدر: globeandmail - 🏆 5. / 92 اقرأ أكثر »

Business Brief: A different kind of oil sands gusherAlso in today’s edition: Decorating for earnings season
مصدر: globeandmail - 🏆 5. / 92 اقرأ أكثر »