Recession-hit Italy is set to sell 50 historic sites, including an 18th century palace, in order to pay off government debt as Rome continues to grapple with economic woes.
The plan to sell Italy’s treasures is aimed at keeping the country’s budget deficit below 3.0 percent of gross domestic product (GPD) in 2013.
According to the European Union limit, the public deficit of euro zone countries should not exceed 3.0 percent of their output.
Reports say that the 18th century palace, Villa Mirabello, situated near the city of Milan, as well as Orsini Odescalchi castle in the town of Bracciano, some 27 miles from the capital Rome, are among the 50 sites which will be sold by the government .... http://www.presstv.ir
