https://www.imf.org/en/publications/wp/issues/2016/12/31/too-small-to-fail-subnational-spending-pressures-in-europe-40338
Too Small to Fail? Subnational Spending Pressures in Europe
The purpose of this paper is to assess whether expenditure decentralization has contributed to weakening fiscal performance in Europe. Using a panel of EU15...
too small to failsubnationalspendingpressureseurope
https://www.cato.org/commentary/too-small-fail
Too Small to Fail | Cato Institute
Jun 17, 2022 - For Cyprus, even if a financial apocalypse was averted, it appears the darkest days are yet to come.
too small to failcatoinstitute