EU plans to to avoid housing bubbles with new rules for mortgages

The article is about how the EU seeks to avoid housing bubbles with mortgage law deal. Irresponsible home lending in the United States created a domestic housing bubble that, when it burst, helped to spark the global financial crisis. Regulators believe greater competition between lenders in different countries will result in a better deal for consumers and contribute to the bloc’s economic recovery.

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EU plans to to avoid housing bubbles with new rules for mortgages by
Authored by: Harrison Barnes