Detroit files for bankruptcy

The city of Detroit in the United States has become the largest American city to file for bankruptcy. It has debts of more than £11 billion.

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Governor: 'Now we can stop 60 years of Detroit decline'

Michigan governor Rick Snyder. Credit: Detroit Free Press/ABACA/Press Association Images

Governor Rick Snyder has said declaring the US city as bankrupt is an "opportunity to stop 60 years of decline in Detroit".

He told a press conference: "That's why we wanted this, to reassure the citizens of Detroit that normal operations will continue. People will be paid, people can do services.

"I don't view this as a terrible answer. Now is our opportunity to stop 60 years of decline. This is fundamental."

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    Detroit, once a booming American metropolis, has become the largest US city to file for bankruptcy, with debts of at least $18bn.