VENICE - The city famous for its canals and occasional "high water," has withdrawn its candidacy to become European Capital of Culture in 2019 because it is already flooded with tourists, reports Corriere della Sera


While other cities line up for all the residual payoff of getting such an international designation, Venice Mayor Giorgio Orsoni is not impressed. “It won’t bring us anything. It won’t bring money, just more tourists that the city doesn’t need," he said. "Venice is already a world capital of culture. The European resources are peanuts and the Italian state won’t pay a penny. The industry is struggling to subsidize cultural initiatives that already exist.”

The "lagoon city" sees 20 million tourists each year flocking to take in its romantic waterways and cultural treasures, says La Stampa.