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The Local fiscal crisis in Western Europe myths and realities by

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Published by Sage Publications in London, Beverly Hills .
Written in English



  • Europe.


  • Local finance -- Europe.

Book details:

Edition Notes

Includes bibliographical references.

Statementedited by L.J. Sharpe.
ContributionsSharpe, L. J.
LC ClassificationsHJ9417 .L6
The Physical Object
Pagination272 p. :
Number of Pages272
ID Numbers
Open LibraryOL4115819M
ISBN 100803998139
LC Control Number80040747

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The European Economy series contains important reports and communications from the Commission to the Council and the Parliament on the economic situation and developments, such as the Economic forecasts, the annual EU economy review and the Public fi nances in EMU report. Subscription terms are shown on the back cover and details on how to obtain the list of sales agentsFile Size: 3MB. A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of.   The recession that began in late severely reduced state tax revenue and increased demand for many public services. In the near term, institutional and political factors limit the options states have for cutting spending and raising taxes. Aid to states in the federal economic program is winding down next year and the situation is likely to get worse before it gets better.   The economic geography of sovereignist Europe Gianmarco Ottaviano 03 July After a couple of decades of easy talk about the ‘death of distance’ in the age of globalisation, the promise of a world of rising living standards for all is increasingly challenged by the .

  European debt crisis: leaders ponder fiscal union This article is more than 8 years old Talk of federalism is back, as European leaders search for answer to loss of nerve over financial crises. Which of the following best describes the membership of the Organization for Security and Cooperation in Europe (OSCE)? a) all European states are members b) only those states that are a part of the eurozone are members c) All Western European states and a few Eastern European states are members d) only those states that are part of the EU are. The financial crisis is the worst economic disaster since the Great Depression of , and it occurred despite the Federal Reserve and Treasury Department's efforts to prevent it. 1  The crisis led to the Great Recession, where housing prices dropped more than the price plunge during the Depression. Two years after the recession ended. direct and overall fiscal costs of banking crises are high when countries enter the crisis with large banking sectors that rely on external funding, have leveraged non-financial private sectors, and use guarantees on bank liabilities during the crisis.

The European Financial Crisis - Analysis and a Novel Intervention 5 Figure 4a and 4b: Europeans trust in government has dramatically declined since the onset of the crisis—particularly in the nations that have been hardest-hit. In Southern Europe, the crisis and responses to it have eroded trust in government. Source: Eurobarometer.   Twenty years after revolution swept communism from Eastern Europe, the region is in the middle of another maelstrom. The global economic crisis has hit countries like Latvia, Hungary and Poland particularly hard. Eastern Europe's boom over the past few years was fueled in part by heavy borrowing from Western banks and easy access to foreign currency denominated loans. The contributors enrich the wider literature on fiscal decentralisation in transition countries by exploring several broad questions on democratisation, the political economy of post-communist transition, the role of external actors in policy transfer and the issue of financial stability in the post-crisis period. Fiscal Decentralisation, Local Government and Policy Reversals in Southeastern Europe. Yugoslavia and Albania evolved in the post-conflict period and how they responded to the global financial/Eurozone crisis; Explores 4 major sub-themes of decentralisation: political, administrative, functional and fiscal Book Title Fiscal.