Citing safety concerns, Italian officials said they were calling off the search for those still missing at the site of the Costa Concordia shipwreck.
The AP reports:
"Italy's Civil Protection agency said Tuesday that technical studies indicated that the deformed hull of the ship created too many safety concerns to continue the search. It said in a statement that relatives and diplomatic officials representing the countries of the missing have been informed of the decision.
As Italy and much of Europe struggle with their finances, the city of Florence has staged an art exhibition looking at the critical — and controversial — role that financial institutions have played for centuries.
The recent Money and Beauty exhibit, held in the majestic 15th-century Palazzo Strozzi, illustrated how Florentine merchants got around the Catholic Church's ban on money-lending and bankrolled the Renaissance.
Costa Crociere SpA came to an agreement with several consumer groups and is offering 11,000 euros or $14,460 to each of the passengers of the cruise ship that ran aground off the Italian coast, earlier this month.
The Toronto Sun explains the money is for passengers who were uninjured and is to pay for "for items lost and any psychological damages." The cruise line will also refund the cost of the cruise and any travel costs that resulted from the crash.
Search and rescue operations at the wreck of the Costa Concordia have resumed, after being halted for a third time, due to choppy waters and the partially submerged vessel's tendency to shift on the rocks near Italy's coast.