Europe Local Authorities Have 1.5 Trillion-Euro Debt,Figaro Says
Local authorities financing needs will rise 27 percent this year to 268 billion euros, including 71 billion euros in Spain’s autonomous regions, the newspaper said, citing S&P.
Local authorities in Italy need to borrow 6.5 billion euros and in the U.K. 25 billion euros, Figaro said.
To contact the reporter on this story: James Kraus in London at email@example.com
To contact the editor responsible for this story: Angela Cullen at firstname.lastname@example.org
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.