Jacob Wolf // Municipalities have long since run out of money
Germany's towns and villages are sinking deeper and deeper into financial difficulties. While the federal government kept bragging about the “black zero” for years, municipalities were piling up debt. The culprit is not only COVID-19, but also a lack of structural reforms as well as ill-advised savings attempts.
Jacob Wolf // Municipalities have long since run out of money
Germany's towns and villages are sinking deeper and deeper into financial difficulties. While the federal government kept bragging about the “black zero” for years, municipalities were piling up debt. The culprit is not only COVID-19, but also a lack of structural reforms as well as ill-advised savings attempts.
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Jacob Wolf // Municipalities have long since run out of money
Germany's towns and villages are sinking deeper and deeper into financial difficulties. While the federal government kept bragging about the “black zero” for years, municipalities were piling up debt. The culprit is not only COVID-19, but also a lack of structural reforms as well as ill-advised savings attempts.
Jacob Wolf // Municipalities have long since run out of money
Germany's towns and villages are sinking deeper and deeper into financial difficulties. While the federal government kept bragging about the “black zero” for years, municipalities were piling up debt. The culprit is not only COVID-19, but also a lack of structural reforms as well as ill-advised savings attempts.
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