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Money for Local Governments - Citizens Support Their Towns

October 9, 2012

In times when money is tight, many German towns and communities are finding it increasingly difficult to finance the necessities and make investments for the future. To alleviate the problem, there's now an Internet platform citizens can use to lend local governments money - at low interest rates and for specific projects.

https://p.dw.com/p/16N5u

Oestrich-Winkel near Frankfurt is the first community in Germany to try out this modern method of financing. Financial experts have lauded the project, saying that it is very transparent and encourages community solidarity. Report by Miltiades Arsenopoulos.