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Lodestar

(2,388 posts) Fri Feb 28, 2014, 03:08 AM Feb 2014

Rome on the Brink as Detroit-Style Bankruptcy Meltdown Looms [View all]

Source: International Business Times

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".

Read more: http://www.ibtimes.co.uk/rome-brink-detroit-style-bankruptcy-meltdown-looms-1438218

The Fall of Rome II

26 replies

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Rome on the Brink as Detroit-Style Bankruptcy Meltdown Looms [View all] Lodestar Feb 2014 OP

It is because Vatican pays no taxes on any of its properties. cosmicone Feb 2014 #1

cosmicone Diclotican Feb 2014 #2

Vatican City is it's own province yeoman6987 Feb 2014 #4

Not even that... it's its own country. FBaggins Feb 2014 #5

I may have known that at one time yeoman6987 Feb 2014 #6

I know Vatican is an independent UN member state cosmicone Feb 2014 #7

To be fair, I'm sure the Vatican is a big economic attraction for Rome. phleshdef Feb 2014 #12

Are you kidding? cosmicone Feb 2014 #21

The Vatican (Holy See) is not a UN member KamaAina Feb 2014 #20

Thank you.. I stand corrected. n/t cosmicone Feb 2014 #22

Interesting item from the article... tomm2thumbs Feb 2014 #3

as once a tourist to Rome, I would have gladly paid an additional tax. it's a beautiful city. nt Javaman Feb 2014 #8

yup and I suppose it is the case already tomm2thumbs Feb 2014 #15

I am sure that the tourists sabbat hunter Feb 2014 #13

exactly... sounded like sour grapes of some other kind tomm2thumbs Feb 2014 #14

Rome has been a tourist attraction for millennia Retrograde Feb 2014 #17

The story is woefully lacking in details and context Kelvin Mace Feb 2014 #9

I would suspect it is both. Throd Feb 2014 #10

Ditto elleng Feb 2014 #11

Not to mention the fact that sabbat hunter Feb 2014 #16

Finance and fashion are more associated with Milano alcibiades_mystery Feb 2014 #25

Wow. I hope things don't get as bad as Detroit is now. Pterodactyl Feb 2014 #18

Well Rome already has ruins... Lodestar Feb 2014 #23

Zing! Pterodactyl Feb 2014 #24

I can just picture it. JDPriestly Feb 2014 #19

Will Rome be forced to sell its art, like Detroit? CTyankee Mar 2014 #26