The 2008 Dexia-CCRE annual factsheet on Europe's local and regional level is now available.

 

The factsheet is made up of 13 tables showing details data on various themes such as the number of local and regional authorities, public spending, public investment, debt, structural funds, twinning in Europe...

 

Dexia has now published its factsheet in partnership with the Council of European Municipalities and Regions (CEMR) for the third consecutive year. It is available in English and in French.

 

Dexia has also launched this 5 February 2009 its annual economic outlook on the financial situation of local and regional levels in the European Union. According to it, in 2007, the financial health of the sub-national public sector got stronger to the point of enjoying a budget surplus for the first time since 2002 (€ 5 billion - 0.04% of the EU's GDP).

 

Dexia's study states that local and regional authorities will be affected by the financial and economic crisis in 2008 and 2009; however they will be a major actor of economic recovery plans since they are "leader in public investment" (€209 billion in 2007 - 66.6% of all public investments in Europe).

 

The 2008 local and regional factsheet