British newspaper The Guardian published an article concerning the budget of the cities more spending.
In the United States with over 100 pages of analysis of the newspaper could bankrupt the city in the coming year, the situation in Europe's major cities 'Cliffside Margin of Europe' is the title.
The global credit crisis, economists predict, an American analyst Meredith Whitney, local and state level of borrowing is one of the biggest problems the U.S. economy and the country pending the healing process uğratabileceğini standstill, he said. According to Whitney, then the problem of real estate, at the beginning of the most important issues is the city spending.
DUE accumulating
According to the news, between the cities of Europe in Istanbul, there are fragile credit situation. The report highlights the following lines: "the ancient metropolis of Turkey, Europe's credit rating to" spill "one of the cities. The perfect location linking Asia and Europe, gideremiyor serious weaknesses. These are the credit rating company Standard & Poors'un recent report According to the flexibility of low turnover and future reforms can not be predicted on the fact that the situation ', including. In addition, the city's intensive investment demand, high budget deficits and accumulated debt is causing. "
According to the news of Istanbul, especially in a growing economy and financial sector is seeking to develop other resources that will gain and the famous city of domes and minarets of a mosque silhouette is the hope of the appearance of the new glass towers.
Prime Minister Recep Tayyip Erdogan, Atasehir district this month, plans to make the city's financial heart of the Asian side of Istanbul Stock Exchange within the framework of transport plans expressed.
The report, as other cities in Europe on the threshold of the cliff in Naples, Florence, Madrid and Barcelona, is considered.
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