New record in local investment in Europe in 2006 - Sub-national (i.e. local and federate authorities and public bodies attached to them) public sector investment in the European Union, with almost €200 billion, reached record levels in 2006 (up 6.6% on 2005), thanks largely to the 12 new member states, says the European Public Finances Outlook (Lettre de conjuncture des finances publiques européennes) published by Dexia on 31 January, which looks at trends form 2000 to 2006. Since the...