Regional and local governments that used public tools to pay off service providers and get cash are going to save money on the interest rates they have on this debt. The Ministry of the Economy says that they will have to pay off 20 billion euros in six years, although the original figures were around 5.5 billion.
This is the difference that they would have had to pay if they had received financing on the open markets. The governments were smart to take the bailout funding in the way they did, because with the lower interest rates they able to help their administrations and pay down a high debt load that was forcing companies to close and citizens to lose their jobs. But we should also recall that
