06.10.2021 - From local authorities to the EU, all levels of government need to become more resilient against crises. Decisive from a fiscal point of view: Who insures whom? Who bears the initial responsibility, who shoulders the burden later on? In FiFo Discussion Paper21-1, Michael Thöne argues that resilient federal finances must provide answers for acute crises such as Corona and also for chronic crises such as climate change - albeit very different ones.

01.10.2021 - In the annual finance equalisation law GFG 2022, important levers are turned; but much remains the same old story. In the hearing of experts, Michael Thöne stressed that the funding woes of municipalities in North Rhine-Westphalia can hardly be solved if everything is merely treated as a horizontal urban-rural problem. Vertical perspectives are omitted. Corona aid to the municipalities is only granted in the form of undetermined credit. Also, the entire vertical fiscal balance between the Land and the municipalities has not been examined in detail for decades... Honi soit qui mal y pense.
See the FiFo statement here.

27.09.2021 - The Municipalities need financial security independent of revenue shortfalls and power games in the Länder parliaments. This can only be guaranteed by a clear orientation towards real needs. Michael Thöne discusses the ongoing paradigm shift towards more balanced, objective municipal fiscal equalisation with Jörg Berres, President of the Rhineland-Palatinate Court of Audit, and Patrik Kraulich, Head of Department in the Hessian Ministry of Finance. Moderated by Ulrich Keilmann, Director at the Hessian Court of Audit. Watch the (German) video of the online event of the "Behörden Spiegel" here

09.09.2021 - Research meets rating: In a joint webinar of the leading European provider of credit ratings Scope and FiFo Köln, Eiko Sievert and Michael Thöne discuss tasks and challenges of German fiscal policy in the next legislature and Germany's sovereign outlook. You will find the replay of the webinar on LinkedIn; Michael Thöne's presentation with additional material here for direct download.

27.08.2021 - Down to earth questions in a sacral ambience. In the beautiful ChorForum Essen, Dörte Diemert, Nicole Borninghoff, Michael Thöne and the participants of the 22nd Conference for Planners NRW discuss the manifold challenges of sustainable municipal finances in North Rhine-Westphalia and throughout Germany. 

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