I have previously reported that about 50% of German municipalities are insolvent. This is a global trend and we are witnessing it in the United States as well. The North Rhine-Westphalian Association of Cities has called for help from the future German federal ………………………
The Municipal Debt Crisis Begins
Wenn man zehntausend Vorschriften erlässt, zerstört man jede Achtung für das Gesetz.
— Winston Churchill