‘The Rhinish Greeks’. Bailout funds for local government in German federal states
Bibliographic Data
| ID | 19537139 |
|---|---|
| Authors | Hubert Heinelt (0000-0003-4673-8441, Technische Universität Darmstadt, corresponding author), Philipp Stolzenberg (Technische Universität Darmstadt) |
| Year | 2014 |
| Volume | 7 |
| Issue | 2 |
| Pages | 228-240 |
| Publication date | 2014-05-04 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Urban Research & Practice (JOURNAL) |
| Journal identifiers | ISSN: 1753-5069 • E-ISSN: 1753-5077 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/17535069.2014.910934 |
| OpenAlex | W1988380401 |
| Language | EN |
| Citations received | 3 |
| References cited | 11 |
In response to the budgetary problems of local government in Germany, some federal states (Länder) have established bailout funds for their highly indebted local authorities. These schemes commit local governments, on a contractual basis, to strengthen their own consolidation efforts in return for fiscal aid. The ambitious aim is to reduce short-term borrowing considerably or to eliminate annual deficits completely.This article provides an overview of the structure of the schemes with respect to the amounts and sources of funding as well as the conditions of participation and potential sanctions. Furthermore, this contribution explains the motives of the governments of the federal states to establish these schemes
Bailout · Business · Commit · Economic policy · Economics · Federal state · Financial crisis · German · Greeks · Local government · Macroeconomics · Political science · Sanctions · Law · Local Government Finance and Decentralization · Public Administration · Public Administration and Political Analysis · Reformed Theology and Governance · Finance
| Citations per year | 0.3 |
|---|---|
| Citation span | 2016 - 2025 (10) |
| Highly cited | No |