The renovation of the 140-year-old Palace of Justice in Brussels is projected to exceed 600 million euros. The historic building has been under scaffolding for more than 40 years as modernization efforts continue.
ABN Amro reports that the Netherlands has a surplus of millions of single-family homes and needs to drastically change its housing construction strategy. The bank warns of potential vacancies and declining property values once the baby boomer generation passes away.
After two days of negotiations, US and European officials failed to reach an agreement on a new High Representative for Bosnia and Herzegovina. Outgoing envoy Christian Schmidt confirmed the outcome and indicated that discussions will continue in the near future.