German cities face financial crisis as municipal budgets buckle
By
The Economist
7d ago· 1 min readenNews
Summary
The article discusses the financial troubles facing German cities, using Ingolstadt (home to Audi) as a case study. Despite Audi's economic success driving Ingolstadt's growth from 30,000 to 145,000 residents since WWII, German cities are facing fiscal crises. The piece hints that this financial strain is bad news for residents and could boost the far right's electoral prospects.
Source
bskyGerman cities face financial crisis as municipal budgets buckleecon.stKey quotes
· 3 pulledIT DOES NOT take long for a visitor to Ingolstadt, a medium-sized city in Bavaria, to notice that this is Audi town.
Meet a local, and chances are they work at the Audi plant—the firm employs 40,000 people here—or are related to someone who does.
The success of Audi drove Ingolstadt's growth from a sleepy town of 30,000 after the second world war to 145,000 today.
Bad news for residents, good news for the far right’s electoral chances
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