Monday, November 11, 2013

Mepoc — The Mosler proposal for funding reconstruction in the city of L’Aquila

On the 6th of April, 2009 the Italian city of L’Aquila, located in the region of Abruzzo in central Italy, was hit by a high magnitude earthquake that killed more than 300 people. The quake destroyed many historical buildings in L’Aquila including medieval churches, basilicas and cathedrals. Important structures which collapsed included the National Museum of Abruzzo located in a 16th-century castle, the oldest gate to the city, and the Church of St. Augustine which held the state archives.
The goal of the Italian government is still for total reconstruction, but EU constraints on public spending limit the funding.
Given the apparent lack of funding to rebuild the city, Warren Mosler proposes the following plan for finding six billion euros for L’Aquila....
Mepoc
The Mosler proposal for funding reconstruction in the city of L’Aquila
Andrea Terzi

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