Showing posts with label rome. Show all posts
Showing posts with label rome. Show all posts

Friday, February 28, 2014

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