| Author (Corporate) | Council of European Municipalities and Regions |
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| Publisher | Council of European Municipalities and Regions |
| Publication Date | 2009 |
| Content Type | Report |
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This survey on the impact of the economic and financial crisis on local and regional authorities has a dual aim: to follow-up from a previous survey released in April 2009, and to compare the findings on the local and regional government’s perspective with the economic and financial forecasts from European and international institutions. The overall conclusion of the repprt is that, whereas the European Commission, the European Central Bank and other international bodies believe that 2010 will see an economic and financial improvement in Europe, local and regional authorities by a large majority expect 2010 to be either as difficult as 2009 or worse. Cuts in resources, in turn, often lead to changes in the provision of public services, which is the core business of local and regional authorities, and which, more than anything else, have a direct and daily impact on the lives of Europe’s citizens. The overarching trend, visible throughout the whole survey, leads to an inescapable conclusion: the economic and financial crisis will not spare Europe’s public sector in 2010. Even if and when the economy picks up to some extent, the extent of public sector debt (now exceeding the Maastricht criterion of 60 % of Gross Domestic Product in the EU), and continuing unemployment in many places, will place acute pressure on Europe’s local and regional governments |
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| Source Link | Link to Main Source http://www.ccre.org/docs/second_survey_ec_crisis_en.pdf |
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| Countries / Regions | Europe |
