Detroit becomes biggest US city to file for bankruptcy

  • 11 years ago
Already a picture of urban decline, Detroit has become the largest US city to file for bankruptcy to try to resolve debts which have reached $18.5 billion (14 billion euros).

The budget deficit, unemployment and the murder rate are all soaring. Public services have all but collapsed and the population has more than halved since 1950.

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http://www.euronews.net/

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