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Funding for Naples Bus Service Cut 40% With Predictable Results: Buses Run Out of Gas

IMG Auteur
Mish
Global Economic Analysis
Published : February 01st, 2013
179 words - Reading time : less than a minute
( 3 votes, 5/5 )
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FOLLOW : Italy
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Category : Opinions and Analysis

A 40% funding cut to bus services in Naples, Italy had predictable results: Bus Service Grinds to Halt as Tanks Run Dry

Bus service in the southern Italian city of Naples has ground to a halt after the city transport company ran out of money for fuel.

Valeria Peti, of the ANM transport company, says only 30 of the usual 300 buses left the depot Wednesday morning, and they all had to return before their tanks ran dry.

Naples' municipal services have been in the news before, most notably when mountains of garbage have piled up. Peti says in this case, the company that provides gas for city buses refused to replenish them without payment guarantees.

ANM says government funding for Naples' bus service has been cut by 40 percent.
"Services Not Guaranteed"

Here is the public service announcement as described in Bus Operator Runs Out of Fuel.

"Due to a lack of fuel our services are not guaranteed," transport operator ANM announced on its website and at bus stops around the city, enraging commuters.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Data and Statistics for these countries : Italy | All
Gold and Silver Prices for these countries : Italy | All
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IMG Auteur
Mish 13 abonnés
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com
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