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Bloomberg Daybreak: Europe Edition
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The Importance of Counterbalancing Mechanisms in the EU
The biggest domestic challenge is housing, and providing accommodation for a growing population. Ireland has taken in about 80,000 people from Ukraine who fled the war. We're looking at the lagging effects of higher interest rates in Europe. The early indications are the Inflation Reduction Act is having an impact but we need to see if it displaces investment otherwise would have come to Europe.
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