25 July 2012 (AFR) – 10 Italian cities at risk

(25 July 2012, p11, Nick Squires, Rome, The Telegraph)

Ten Italian cities at risk of bankruptcy, schools may not reopen

‘Italy’s financial outlook darkened on Monday amid warnings that 10 cities are at risk of bankruptcy and schools may not be able to open in the autumn because of drastic spending cuts.’

‘The cities at risk of running out of money include Naples, Palermo in Sicily and Reggio Calabria, on the toe of the Italian boot, according to the Italian press.’

Read more at The Telegraph.co.uk