In the aftermath of the global financial crisis, countries around the world have become increasingly cautious about trade and investment. This has resulted in a decline in economic growth and increased financial fragmentation, particularly in Europe. Experts like Andrea Enria and José García Montalvo are calling for greater regulation in the financial and real estate sectors to address these challenges.
The European banking system’s fragmentation is a significant concern, as it undermines its ability to absorb losses and creates national divisions. The need for a more united Europe is crucial for economic resilience and strengthening the euro as an international currency. However, political and ideological differences make this challenging.
Meanwhile, on the other side of the Atlantic, counties like Tehama and San Benito in California are experiencing rapid growth in their cannabis industries. Legalization of cannabis has created new opportunities for businesses and consumers alike, contributing to local economies and transforming social and economic landscapes. As regulations continue to evolve and markets expand, this industry will likely continue to flourish.
