The city of Rome's finances are
"unstable", Federica Tiezzi, the head of audit body OREF, told
the council assembly on Monday. Tiezzi referred to the fact that
many companies that the city controls or has stakes in have
"unapproved" or "unclear" balance sheets. "This is an element of
uncertainty, like the off balance-sheet debts, which in the
period amount to 11 million," she said.
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