Court of Auditors: over 80% of the financial failures of municipalities in three regions of the South
Quick Look
Over 80% of Italian municipalities in financial difficulty in the last five years are located in Campania, Calabria and Sicily, according to the report by the Court of Auditors.
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Why It Matters
The Court of Auditors presented a report to Parliament on municipalities in financial crisis.
Over 80% of the Italian municipalities declared in financial difficulty in the last five years are located in three southern regions: Campania, Calabria and Sicily. It emerges from the report to Parliament by the Court of Auditors on municipalities in crisis situations.
"The critical aspect - say the accounting judges - is the strong territorial concentration: Sicily, Calabria and Campania account for 63.6% of the overall crisis procedures activated and 80.4% of the declared failures".
Open Questions
- What measures will the government adopt to support failing municipalities?
