Stress test Covid-19 on local finances in EU: Italy, Spain, but also Germany, need bailouts.
Local finances will be problematic not only in Italy and Spain, but also Germany. This is the outcome of a first rough analysis of stress test on local finances on selected EU countries presented during the "Government Fiscal Sustainability Workgroup Webinar on Covid-19 and local government fiscal response" organised by Michigan State University. The analysis was prepared with the help of Sebastiano Botticella, Fabio Forni, and Gaia Spensieri, graduate candidates at CLEC.
Published on: April 13 2020