Italy’s Famous Monuments Hit By Austerity Measures

Hard economic times in Italy are threatening that country’s priceless cultural heritage.

The Times of Oman reports that billionaire Diego Della Valle said he’s thinking of withdrawing the 25 million euros ($33 million) he promised last year to restore the Colosseum, which has been crumbling due to lack of maintenance. An even more serious problem is Pompeii, which suffered a couple of spectacular collapses in 2010.

The Times reports that the government is increasingly looking to private investors to save the day, and is also promising to release 105 million euros ($138 million) from the European Union for a four-year maintenance plan for Pompeii.

Italy only spends 1.8 billion euros ($2.4 billion) annually on culture, just 0.21 percent of the gross domestic product and barely enough for basic maintenance. With tourism being a major portion of the Italian economy, it seems shortsighted not to preserve and restore the very sites that tourists come to see.

Not all news coming from Italy is bad. The government has finally cracked down on the fake Roman centurions and gladiators who prowl around the Colosseum, bullying tourists into taking pictures with them for exorbitant prices. The government says they are all ex-cons and are operating without a license. Some of the fake gladiators climbed onto the Colosseum to protest, showing that they care more about money than preserving their national heritage.

[Photo courtesy Adam Kahtava]

Is the Colosseum crumbling?

Economic instability, a change of government, and now this.

It looks like Italy’s most famous landmark, the Colosseum, may be crumbling. The Culture Ministry has launched an investigation after eyewitnesses spotted bits of stone falling off the Roman ruin on two different occasions in recent days.

An Italian shoe company has promised to restore the Colosseum with an ambitious 25 million euro ($34 million) project, but work won’t start until March.

If the reports are true, the Colosseum isn’t the only monument in trouble. Pompeii has suffered a series of collapses that has raised questions about the site’s management and has escalated into a major scandal. With Italian government deeply in debt and struggling with unpopular austerity measures, it’s doubtful if the glorious legacy of ancient Rome will receive much official funding in the coming fiscal year.

Photo courtesy Sebastian Bergmann.