Wednesday, 20 July 2011

National default and US cities

Here is very interesting article on possible impact of US national default on American cities. Thought the remit is wider than the core interests of our research network however it provides good insight into the impact of macroeconomic policies, especially so extreme, on the cities' economy and welfare.

Let's hope this depressing scenario will not come true...

Do you have examples how austerity packages and national crisis-management measures impact your capitals? Then share with us.

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