PPCC: Pisitófilos Creditófagos. Primavera 2024

[Derby]

https://www.politico.eu/article/emmanuel-macron-back-ursula-von-der-leyen-second-term-european-commission-president-french-officials/

Macron’s loss in France boosts prospect of second term for von der Leyen

French president is unlikely to be a big disrupter in EU given his battles at home.


A French minister said "the main scenario" was that Emmanuel Macron would back Ursula von der Leyen in exchange for concessions on France's policy targets. | Kiran Ridley/Getty Images

PARIS  — French President Emmanuel Macron may be notorious as a great political disruptor but — when it comes to Brussels — he’ll probably allow things to stay as they are and back a second term for European Commission President Ursula von der Leyen.

In the run-up to Sunday’s EU election, France was conspicuously silent about whether it would back Germany’s von der Leyen to stay at the helm of the EU executive, sparking concerns Macron could be eyeing a rabbit-out-of-the-hat alternative. His close ally Pascal Canfin told POLITICO last month: “France and everyone in the presidential ecosystem would like [former Italian PM Mario] Draghi to play a role.”

But few people expect a big curveball from Macron now, after his liberals were crushed by the far right in the EU election and he made a maverick decision to call a French legislative election — in two rounds on June 30 and July 7. He is now expected to focus on his political battles in France rather trying to shake up the top table in Brussels, several French and EU officials told POLITICO.

Three French officials said Macron was poised to throw his weight behind von der Leyen, while six other EU officials and diplomats said his hand would also be weakened in discussions over who would hold the EU’s other top jobs over the next five years. 

In contrast to Macron’s political weakness, von der Leyen’s center-right European People’s Party is on course to be easily the biggest bloc in the European Parliament after Sunday’s EU election, massively boosting her chances of a return to leading the Brussels executive.

“The EPP scored a big victory in the election and the von der Leyen option is very much reinforced,” a French official with knowledge of the top jobs’ negotiations told POLITICO.

“There is no doubt now over the political color of the next Commission presidency,” said the same official who was granted anonymity to discuss a sensitive topic.

A French minister on Monday agreed “the main scenario” was that Macron would back von der Leyen in exchange for concessions on France’s policy targets. The fact that “the EPP has made gains and the majority [backing von der Leyen] has shrunk less that expected” has boosted von der Leyen’s chances of a second mandate.

In Brussels, a senior EPP member said Macron is now weakened among his European colleagues, so will have to be more constructive. “He will have zero support in the European Council if he wants to topple von der Leyen,” they said.

An EU diplomat also said that if the EPP suggests von der Leyen as a candidate, it’s difficult to see how Macron could push against that now.

Any French games of floating other names for European Commission President, such as Draghi or European Parliament President Roberta Metsola can stop now, a second EU diplomat said. “They were very transparent tactics to keep up their relevance. But the situation is different from 2019. There is a clear frontrunner now.”

Deal not done yet

But Macron’s defeat also carries risks, other officials and diplomats warned, especially since the unpredictable French President called the wildcard national election on snap election.

The French legislative election campaign will coincide with the European top job carve-up, which the EU hopes to conclude by the European Council on June 27-28. There is always a risk that Macron would stir things up in Brussels for reasons of domestic campaigning, perhaps not wanting to be seen as fully aligned with von der Leyen.

“You know the French,” a third EU diplomat said. “They always go all-in. They are shameless in their starting negotiating positions.”

Giacomo Filibeck, the secretary general of the Party of European Socialists, hinted at this scenario at a POLITICO event on Monday.

“I understand that there are national problems,” Filibeck said. “And I may even understand that there are some national leaders may have the ambition of trying to jeopardize something that happens at the European Council level for some local domestic interests,” he said.

In the end, Macron remains the French president, diplomats conceded, with all the symbolic importance and political weight behind that position.

Didrik de Schaetzen, secretary-general of the Alliance of Liberals and Democrats for Europe group, dismissed the impact of the national vote on Macron’s influence around the European Council table at the same POLITICO event, arguing the effect of domestic issues has less an impact in the leaders’ discussions. “These individuals are there, and they will fight for our political family.”

Another French official also pushed back against Macron being weakened around the European Council table, arguing Macron remains the French president at the leaders' table.

As far as the trade-off for support goes, according to two officials, France now wants assurances from von der Leyen that her mandate will include a strong focus on industrial policy and satisfy Paris’ demand to allow more subsidies to support the bloc’s economy.

Last month, Macron delivered an alarming speech calling on Europeans to massively invest in strategic areas, such as Artificial Intelligence and renewables in order to compete against China and the U.S.

[Derby]

https://www.cityam.com/deepening-crisis-london-house-building-craters-as-uk-pipeline-at-lowest-since-records-began/

‘Deepening crisis: London house building craters as UK pipeline at lowest since records began


England’s house building pipeline is at the lowest level since records began 17 years ago, as fresh pressure is piled on government parties to mend a “deepening housing crisis”.

England’s house building pipeline is at the lowest level since records began 17 years ago, as fresh pressure is piled on whoever wins the election to mend a “deepening housing crisis”.

Just 2,472 sites were granted planning permission in the first half of this year, the Home Builders Federation latest pipeline study has found, making it the  lowest quarterly figure since records began in 2006.

The damning report also found London experienced a 39 per cent drop in the number of builds being approved when compared to the same period the year before.

Across the capital just 7,613 units were approved in the first half of the year, down 51 per cent on the last quarter of 2023 and the lowest figure since 2012.

Other regions seeing significant drops included the East Midlands, which saw a 47 per cent  drop on the previous quarter and 36 per cent drop compared to quarter one last year.

Stewart Baseley, executive chairman at the Home Builders Federation said the housing pipeline is smaller than 2009 when the county was in the “depths of a recession”.

He explained: “Amidst a deepening housing crisis and with house building levels already falling sharply, these numbers present a bleak picture for future housing supply.

“The report also puts into stark perspective the challenges a new government faces to meet its housing ambitions with a pipeline smaller even than during 2009 and the depths of recession.”

Today’s worrying findings follow what has been a challenging 18 months for the UK’s property sector.

Red hot inflation and low consumer spending hit property developers hard and limited the number of homes that could be built.

Meanwhile, would-be-buyers were stuck renting as they struggled to afford mortgage deals in the face of high interest rates.

The UK’s housing crisis has left voters keen to see what the next political party will do to improve the market.

Labour, which is currently leading the polls, has promised to reform planning rules to build 1.5 million more homes. The Starmer fronted party also said it would give a “first dibs” to locals to end developments being sold off to international investors.

In its 2019 manifesto, the Conservative Party pledged to build 300,000 new houses each year by the mid-2020s. However, that figure has not yet been achieved.

Yesterday, Rishi Sunak told BBC he wanted to make it easier for young people to get on the ladder and acknowledged home ownership had become hard under his ruling party.

Sunak, who unveil the Conservative manifesto later on today, said: “It has got harder and I want to make sure that it’s easier and what we will do is not just build homes in the right places and do that in a way that is sensitive to local communities, but make sure that we support young people into great jobs so they can save for that deposit.”

What next for building in Britain?

Baseley said the UK needs to see “immediate action” to reverse the “damaging changes made in recent years to the planning system and to ensure local authorities have the capacity to deal effectively with permissions”.

He explained: “We also need to see effective support put in place to help buyers purchase high quality, energy efficient new homes. For the first time in many decades, there is no effective government support in place for prospective buyers.

“It is also essential that politicians find a solution to the pointless blockade of 160,000 homes now entering its sixth year as a result of nutrient neutrality, towards which new homes make a negligible contribution.

He added: ”The next government must grasp the nettle and be bold and brave if it is going to help meet the country’s housing needs. Doing so will deliver huge social and economic benefits and the industry stands ready to deliver.”

[puede ser]

¿Perfil del ganador de estas Elecciones Europeas?

Recuerden que ha ganado el partido del "yo no voto".

¿Perfil?, no es fácil encontrar datos pero yo les aventuro el perfil del abstencionista medio:

- Hombre, trabajador entre 30 y 60 años.

¿Notan algún patrón?

Si las únicas personas que deberían tener derecho al voto son las únicas que no lo hacen, ¿qué significa eso?

Estas elecciones europeas las han ganado los hombres en edad militar y los que están detrás de los actores que salen por la tele durante las campañas tienen que haber recibido el mensaje alto y claro.

Ganaron en votos, pero no en escaños. 

[sudden and sharp]

Se trata de una convocatoria colectiva para verter excrementos en el río justo antes de que estos políticos se metan en el agua. "Ellos nos hundieron en la mierda, ahora les toca a ellos hundirse en nuestra mierda", es uno de los lemas adoptados por las personas y colectivos que han afirmado que participarán en la propuesta, convocada a través de las redes sociales con el hashtag #JeChieDansLaSeineLe23Juin (que significa algo así como "Yo cago en el Sena" o "Me cago en el Sena" el 23 de junio), en alusión a la fecha prevista por Hidalgo y Macron para la demostración.

Manifestantes parisinos piden "cagar en el Sena" antes de que se bañe Macron
Se tratará de una protesta contra la inversión realizada por los Juegos Olímpicos de París 2024
https://www.epe.es/es/ocio/20240607/protesta-sena-excrementos-humanos-paris-juegos-olimpicos-2024-dv-103480509














----------
[ C'est la merde du bain... Seine, eau de parfum, Paris..  ]

[puede ser]

Lucha de clases en el capitalismo - popular:
 
Clase alta (guardianes gobernantes) - DOP
Clase media (guardianes) - DST
----------------
Clase baja (productores) - TSD

Clave: DOP - Dinero de Otras Personas
            DST - Dinero sin Trabajar
            TSD - Trabajo sin dinero

Virtudes clases sociales Platón:
     Guardianes gobernantes - sabiduría y prudencia
     Guardianes - coraje (virilidad, entonces)
     Productores - moderación

[tomasjos]

Es que ya no sé que decir ante esto. Díganme que significa esta noticia. Es como decir a los cuatro vientos " vamos a reventar y no nos importa"

https://eldiariocantabria.publico.es/articulo/cantabria/esfuerzo-salarial-que-inquilinos-realizan-hacer-frente-pago-vivienda-compartida-es-cada-vez-mayor/20240610105434157999.html   

[AbiertoPorDemolicion]

Es que ya no sé que decir ante esto. Díganme que significa esta noticia. Es como decir a los cuatro vientos " vamos a reventar y no nos importa"

https://eldiariocantabria.publico.es/articulo/cantabria/esfuerzo-salarial-que-inquilinos-realizan-hacer-frente-pago-vivienda-compartida-es-cada-vez-mayor/20240610105434157999.html   

Son noticias triunfalistas para que la soldadesca aguante la posicion y no comience el desapalancamiento masivo que tanto teme el mercao.

[asustadísimos]

[El país 'pen-ínsula', de la resistencia, de los castillos, de las fronteras, de las cordilleras fragmentadoras, de las tribus dispersas, de la profundidad estratégica y del tiempo histórico largo, sin embargo, de la noche a la mañana, adicto a ese opio del pueblo que es ladrillo, por pobretón, fantaseando con librarse del sancho en el que los donnadie ven un quijote maquiavélico, solo para que sus pisitos sigan 'valiendo' un potosí, por escasos. ¿Y por qué? Muy sencillo: el capital no tiene banderita.]

 

[Derby]

https://www.bloomberg.com/news/articles/2024-06-11/bank-leaders-say-real-estate-pain-is-still-confined-to-office

Bank Leaders Say Real Estate Pain Is Still Confined to Office

Commercial real estate risks remain manageable across most sectors, though office buildings will continue to plague lenders, according to executives at Wells Fargo & Co. and PNC Financial Services Group Inc.

“Most of the portfolio is performing pretty well,” Wells Fargo Chief Financial Officer Mike Santomassimo said at a Morgan Stanley conference Tuesday, citing multifamily residences, data centers, logistics and industrial buildings, and even hotel and retail outlets. Institutional office space is a problem area, although some office buildings are outperforming, he said.

“You go to Hudson Yards in New York City — they’re doing really well,” Santomassimo said. “You go to Times Square in New York City — not doing as well, right? And so older office buildings that are not renovated in certain areas of different cities are the places that you’re seeing the most stress.”

Uncertainty over when the Federal Reserve will cut interest rates has added to the challenges faced by the commercial real estate sector, where high borrowing costs have hammered valuations and triggered defaults, leaving lenders stuck with assets that are tough to sell. Regional banks have been especially hard-hit.

Still, commercial real estate is “fine” outside of office lending, PNC CFO Robert Reilly said at the conference. In the office sector, where most of the stress lies, PNC is working through its loan book and expects charge-offs will occur, he said.

Pacific Investment Management Co. expects more regional bank failures in the US because of a “very high” concentration of troubled commercial real estate loans on their books, John Murray, Pimco’s head of global private commercial real estate team, said in an interview.

[Derby]

https://www.bloomberg.com/news/articles/2024-06-11/irish-property-shock-may-be-amplified-by-funds-makhlouf-warns

Irish Property Shock May Be Amplified by Funds, Makhlouf Warns


Office and apartment buildings in Dublin, Ireland.Photographer: Paulo Nunes dos Santos/Bloomberg

The large share of Irish commercial real estate held by property funds could amplify market stress if those funds are forced to sell assets during a downturn, the country’s central bank has warned.

“Irish property funds with high leverage or significant liquidity mismatch can amplify market stress,” the bank’s Financial Stability Review 2024 cautioned. “In some cases, Irish property funds borrow from domestic banks, creating an interconnection between segments of the domestic financial system.”

The Central bank estimates that the value of commercial properties connected to entities under its regulation and supervision comprise between €55 billion and €60 billion, of which €29 billion is held by Irish property funds.

Irish commercial real estate prices sharply fell in the aftermath of the pandemic when working from home increased, meaning the need for office space dropped. That has had an acute impact on Ireland, a small open economy that hosts an outsized number of multinationals.

Valuations in commercial real estate are down an estimated 27% since late 2019, the report said. The Dublin office market has seen one of the largest increases in vacancy rates in Europe, said the review.

The impact of the downturn on the financial system has been “contained to date,” Central Bank Governor Gabriel Makhlouf said on Tuesday, pointing to resilience in the domestic banking sector and diversification of non-bank financing sources.

Domestic banks now have a more diversified loan book making up a smaller share of their total balance sheet, a deliberate post-2008 move. Much of the financing this time around has been provided by private credit firms.

“Looking ahead,” the report said, “there remains significant uncertainty over the market outlook, stemming particularly from structural developments in the office sector and the risk that financial conditions could remain tighter for longer than currently expected.”

[Cadavre Exquis]

https://www.expansion.com/mercados/2024/06/10/666713b4468aeb170d8b4584.html

https://www.expansion.com/mercados/2024/06/10/66671403468aebca678b4576.html

Saludos.

[Cadavre Exquis]

https://www.expansion.com/economia/2024/06/11/66676037468aebd7158b457f.html

Saludos.

[Cadavre Exquis]

https://www.expansion.com/inmobiliario/mercado/2024/06/11/66673e33e5fdea40628b4575.html

Saludos.

[Cadavre Exquis]

https://www.expansion.com/mercados/2024/06/11/666755e6468aebd5758b4588.html

Saludos.

[Cadavre Exquis]

https://www.pressreader.com/spain/expansion-nacional/20240611/page/52/textview

La flexibilización del cambio de uso, ¿parte de la solución al problema de la vivienda?

El absentismo laboral: un problema de todos

Saludos.