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    EU funds fail to stop Romanian town from going bust

    euronews (in English)

    by euronews (in English)

    11.7K
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    The Romanian town of Aninoasa has become the country's first to file for bankruptcy.

    Despite having access to EU financial aid, officials have been unable to repay loans for investment projects and they have decided the spiral of debt must be stopped.

    ...
    http://www.euronews.net/