"I believe the reason is that they believed this is an administrative measure a member State has taken which does not endanger its democracy".

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Those policies are based on exactly the kinds of administrative measure that Naughton highlights, and as yet the government has not used widely recommended market mechanisms like raising interest rates (though the new real estate measures do directly raise mortgage rates and the overall cost of capital for housing).

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As an administrative action, the measure needs no other approval and goes into effect immediately.

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