In response to:

450,000 Businesses Shut Down in Italy; Constitutional Crisis in Spain

Frank130 Wrote: Nov 26, 2012 10:05 AM
Big government (with endless social spending, central bank planning & never ending job killing rules & regulations) is failing world-wide. Former Communist states have fallen or turned more capitalistic. Interesting fact: "Communist Chins" does NOT have socialized medicine. They knew they couldn't afford it.

Here are a couple of interesting economic links from Italy courtesy of reader Andrea. The translations from Italian are a bit choppy, but the gist of the articles is easily understandable.

Non-Performing Loans Jump 15.3%, Write-Downs 21.6%

From Thompson Financial News: Non-Performing Loans Jump 15.3%

Related Tags: Spain crisis