2006 municipal bankruptcy The Municipality of Taranto was declared bankrupt effective 31 December 2005, having accrued liabilities of €357 million. This was one of the biggest financial crises which has ever hit a municipality.
2006 municipal bankruptcy The Municipality of Taranto was declared bankrupt effective 31 December 2005 having accrued liabilities of €357 million This was one of the biggest financial crises which has ever hit a municipality