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Naples Transfers Municipal Properties to Invimit Amidst Debt Crisis
The city of Naples is transferring municipal properties to Invimit, a 100% Mef-owned company, as part of the "Patto per Napoli" agreement to manage its debt; however, critics argue this is effectively privatization of public assets and a short-term solution with long-term risks.
Naples Transfers Municipal Properties to Invimit Amidst Debt Crisis
The city of Naples is transferring municipal properties to Invimit, a 100% Mef-owned company, as part of the "Patto per Napoli" agreement to manage its debt; however, critics argue this is effectively privatization of public assets and a short-term solution with long-term risks.
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