Multi-level Finance and the Euro Crisis

Multi-level Finance and the Euro Crisis

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Representing a unique contribution to the analysis and discussion of the unfolding Eurozone crisis in terms of the relationship between central and local government, this book addresses a number of important fiscal and political economy questions. To what extent have local and regional governments contributed to the crisis? To what degree have sub-national services and investments borne the brunt of the adjustments? How have multi-level fissures affected tensions between different levels of government from the supranational to the local? This volume covers these and many other critical issues that have been largely ignored despite their relevance. The book first addresses general issues of fiscal coordination and management across levels of government in the context of incentives, which can be altered by the existence of a supranational tier. The country-specific chapters, prepared by leading experts, provide a thorough review of the key problems of multi-levels of government in the biggest economies in the Eurozone (France and Germany) and Southern Europe (Portugal, Spain, Italy and Greece). In further chapters the juxtaposition of Barcelona and Turin provides an opportunity to evaluate large investments in a multi-level context, associated, in this case, with the Olympics. Macedonia provides a discussion of the related issues in an EU accession country. As a whole, the book explores the long-term impact of the crisis on local service delivery and investment, and the consequences for sustainable growth and political cohesion. It also offers rarely found insights and suggestions to increase the stability and strength of multi-level European institutions. This is an enlightening resource for all those, from academics and graduates to policy makers and practitioners, seeking a comprehensive understanding of European fiscal, federal and financial issues.back half of their revenues on the remaining buildings; more precisely, municipalities could choose a different rate on the value of ... Things changed again in 2013, when Lettaa#39;s government once more abolished IMU on the main residence and ... 2) TARI, a service tax to finance garbage collection; and 3) TASI , a service tax to finance all the other indivisible services ... the tax rate for the compulsory part of the surcharge on IRPEF was raised from 0.9 percent to 1.23 percent in 2012.


Title:Multi-level Finance and the Euro Crisis
Author: Ehtisham Ahmad, Massimo Bordignon, Giorgio Brosio
Publisher:Edward Elgar Publishing - 2016-01-29
ISBN-13:

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