Nine-in-ten EU regions face revenue plunge, report finds

Almost every local government across the EU expects a sharp decrease in revenues this year due to the coronavirus pandemic, a report published on Monday (12 October) by the European Committee of the Regions (CoR) found.

The new report, by the EU body representing regions and cities in Brussels, states that "over 90 percent of EU regions and municipalities expect a plummet in revenues".

The decrease in revenues in 2020 of subnational authorities in France, Germany and Italy alone ...