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Italy survives another bond test An increasing number of buildings in northern Italy could collapse, with seismologists predicting the possibility of even more big tremors, following the most recent two earthquakes.
Some parts of Italy’s Emilia-Romagna region have seen damage of up to 95 percent.
Emilia-Romagna is famous for a number of industrial giants – with car manufacturers Ferrari, Maserati and Lamborghini all operating in the area.
It is also one of the most fertile parts of the country. The estimated cost of damage to agriculture is 500 million euros.
A spending curb planned for the region has been cancelled by the state, and a petrol tax may be used to help fund earthquake relief efforts.
More about: Earthquake, Italian economy, ItalyCopyright © 2013 euronews
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