Subject(s): Local finance in Europe. -- Local budgets in Europe. -- Requirement of a balanced budget and borrowing limits in local public finance, Theory of sub national balanced budget and debt control : Positive and normative analysis -- Local budget and local borrowing in Austria : local fiscal structure, Budget discipline -- Local public finance in Belgium - Structure, budget and debt : local public sector, Local public debt and capital expenditure -- Local government and debt financing in Denmark : Danish model of local government, Financial system and local government, -- Public debt of loacl governments in France : audit and control on the balance of annual local accounts, Fiscal sustainability -- Local government borrowing in Germany : Constitutional reforms of public sector finance in 1969/70 and the development of local debt, Local budget and borrowing regulations by state laws -- Local borrowing- Italian case -- Local government budgeting and borrowing in Norway : Financing of the local public sector -- Capital expenditure and financing in the communes in Switzerland, Local government financing and borrowing in Spain : Constitutional restrictions, Regulation of local borrowing, Evolution of local borrowing and BCP compliance -- Local government capital expenditure in England : Recent historical pattern of local authority capital expenditure control, Private financing initiatives -- Fiscal control in Europe :European versus US local public finance