The City Of Rome Is On The Brink Of Bankruptcy

Rome Days Away From Bankruptcy -- The Telegraph

Matteo Renzi, the Italian prime minister, came under pressure on Thursday as the city of Rome verged towards bankruptcy after parliament threw out a bill that would have injected fresh funding.

Ignazio Marino, Rome mayor, said city services like public transport would come to a halt and that he would not be a "Nero" - the Roman emperor who, legend has it, strummed his lyre as the city burnt to the ground.

Marino said that Renzi, a centre-left leader and former mayor of Florence who was only confirmed by parliament this week, had promised to adopt urgent measures to help the Italian capital at a cabinet meeting on Friday.

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More News On Reports That The City Of Rome Is On The Brink Of Bankruptcy

Rome mayor: cash-short city risks shut down soon -- Washington Post/AP
City of Rome Risks Bankruptcy After Aid Falls Through -- Wall Street Journal
Renzi Considers Stricter Conditions on City of Rome in Bailout -- Bloomberg Businessweek
Rome on the Brink as Detroit-Style Bankruptcy Meltdown Looms -- IBTimes