Last act of the agony of the "Motor City". The city of Detroit, the birthplace of the American automobile industry, declared Thursday, July 18 bankrupt – the largest bankruptcy of a city in the history of the United States . The debt of the largest city in Michigan is estimated at 18.5 billion dollars (14 billion euros)! Governor Snyder has found that there was no other solution.
"I take this difficult decision so that the people of Detroit have access to basic public services and for Detroit to start over on a solid financial foundation that will allow it to grow the future, "said Rick Snyder, Governor of the State of Michigan, in a statement.
Before Detroit, major cities such as New York, Cleveland and Philadelphia found themselves on the brink of bankruptcy, but Detroit is the first American city to officially seek the protection of bankruptcy.
U.S. President Barack Obama told by a spokesman for the White House that he was following the situation closely. But, unlike what happened with the great crisis of 2008, during which the federal government decided to bail out manufacturers General Motors and Chrysler , with billions of dollars, the president did not promise this time.
Detroit was once synonymous with industrial know-how. The giants of the automobile industry had developed from 1941 to 1945 to produce tanks, planes and ammunition, which had earned the city the nickname "arsenal of democracy" ,. Now synonymous with decline, ruin, crime, the city has seen its population melt gradually from 1.8 million in 1950 to 700,000 today. Now a third of the population lives in poverty and 20% are unemployed.
City destroyed
The loss of manufacturing jobs, the exodus of white residents to the suburbs, which accelerated after the race riots of the 60s, have left the city devastated. Today, Detroit has more than two for active retirees. With a quarter of abandoned buildings in some areas, no other American city has focused more heavily the burden of de-industrialization.
In addition, the city was rocked by corruption scandals over the years. Kwame Kilpatrick, the former mayor of Detroit and ex-rising star of the Democratic Party, is in prison after being convicted of several corruption, including rigging bids, then his tenure.
The murder rate is at its highest level in nearly 40 years, only one third of the ambulance fleet was commissioned in the first quarter of 2013, and some 78,000 abandoned buildings in the city created , ent "problems additional public safety and reduce the quality of life in the city," said Michigan Governor in his letter.
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