germany:-local-governments-face-financial-collapse

Germany’s Local Governments on the Brink of Financial Collapse | PRIMENEWSNOW

Weissach: From Prosperity to Challenges Not long ago, Weissach, a quaint town just 30 minutes from Stuttgart, was Germany’s wealthiest local authority. With a population of 7,700, it hosts the development center for luxury carmaker Porsche. The town’s budget thrived on substantial trade taxes from Porsche’s billion-dollar profits. In 2009, the town collected €20,000 ($23,000) […]