Is Rome The Next Detroit? - ValueWalk Premium

Is Rome The Next Detroit?

The “Eternal City” of Rome may soon find itself being considered alongside Detroit as bankruptcy approaches and institutional bond buyers grow weary.

Bailout from national government uncertain
The city of seven hills needs to close a $1.7 billion (US) budget gap and likely won’t get much help from the national government, as Italian lawmakers from across the struggling nation, whose cities are equally having difficulty . . .

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