Posted on 02/27/2014 10:58:06 AM PST by Kartographer
Italy's historic capital is on the brink of bankruptcy as its mayor plans to plead for a bailout from the national government.
Mayor Ignazio Marino told the Wall Street Journal that he is in daily discussions with Italy's national government.
But he stressed the parties "just needed to identify the right amount of money the government should give to Rome".
(Excerpt) Read more at ibtimes.co.uk ...
Ping!
This Roman bankruptcy, as with Detroit should have been done twenty five years ago. Whoever gets the game started will be heavily criticized and hated. The restructuring must be done, in spite of any collateral damages.
The DEMOCRATIC COMMUNISTS in our country obviously live by the motto When in Rome, do as the Romans do.
Massive amounts of debt don’t help the economy??
Who knew??
:p
Maybe someone should report this to Washington? (ROTHFLMAO!!)
This is the only place to get news anymore. I was completely blindsided by this.
Rome on the brink? Amazing, and it can’t bode well for other major European capitols.
Just hand out massive quantities of food stamps. SanFranNan says they do wonders for a bad economy.
bump
Zero sounds like the right amount.
I’ll be in Rome this June and July. I suspect it won’t look like Detroit.
If only our constitution had stated that the federal government is prohibited from issuing debt.
Well, at least we should be able to get old statues real cheap soon.
LOL.
Article Four, Section Four "guarantees" that they can't.
Plenty of derelict ruins there, too.
Ha ha! Yeah, but the Roman ones are nice. Plus, I seriously doubt the ruins in Detroit will be standing 2,000 years from now.
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