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August 2010

Hard-up Italy to sell treasures

By Raman Jokhakar
Tarunkumar G. Singhal
Chartered Accountants

Reading Time 1 mins

New Page 1

55 Hard-up Italy to sell treasures

Italy is preparing to sell thousands of national treasures,
including islands in the Venice lagoon and on the Emerald coast of Sardinia, to
pay back spiralling debts.

The islands and other landmark properties on a provisional
‘for sale’ list are worth more than £ 2.5 billion. They include palaces and
castles, former convents, lighthouses and aqueducts, as well as leases on
beaches, rivers, lakes and Alpine summits.

(Source : The Times of India, dated 5-7-2010)

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August 2010

Hard-up Italy to sell treasures

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