Due to the Covid-19 pandemic, the accounts of Europe’s regions and local authorities are under strain and a hole of approximately €180 billion would have emerged by 2020, more precisely €130 billion for the regional and intermediate levels and €50 billion for the municipal level, according to the second edition of the Regions and Cities Barometer, published by the European Committee of the Regions on Tuesday 12 October.
This situation is explained by the ‘scissors effect’,...