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EU funds fail to stop Romanian town from going bust

2013-09-02 39 Dailymotion

The Romanian town of Aninoasa has become the country's first to file for bankruptcy.<br /><br />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.<br /><br />...<br />http://www.euronews.net/

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