Browsing All posts tagged under »Greece«

STOCKTON, CALIFORNIA by Colin Cram

August 1, 2012

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The bankruptcy of Stockton, California, is a stark reminder of what can befall cities that mismanage their finances. There are some similarities with Greece – making unfundable commitments to workers over wages, spending on ill-conceived projects such as the $35n spent on a city hall that remains unused and is now infested by rats, and […]