Wednesday, November 19, 2008

Rome follows the American Bailout

http://money.cnn.com/2008/11/19/news/international/alitalia.ap/index.htm?postversion=2008111918
The Italian government said Wednesday it has approved an offer from a group of investors to buy the assets of the bankrupt Alitalia airline after getting them to raise the bid to at least $1.33 billion.

My Response: Nobody can do a bailout like America. Rome has started a bailout of its own by buying out assets for Alitalia Airlines. A bad example is being set, and its definitely not a trend every country wants to pick up on.

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