Utrecht – Don’t panic! The city of Utrecht has never really been bankrupt. Not that we weren’t in a bad position, but cities in the Netherlands simply cannot go bankrupt. If you are in really bad shape as a city, like Utrecht in 1990, you will receive a so-called ‘Article 12 status’ and from that moment on you will be under government guardianship as a city.
Maarten 80! Van Rossem talks about the ‘bankrupt’ city
