In response to:

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

willis9 Wrote: Nov 26, 2012 11:39 AM
Non performing loans is so derogatory, they are really merely re distributions of money the bankers stole from innocent bystanders in the wonderful world of Keynesian economics. A small dose of economic justice in the eyes people for the ethical treatment of animals.

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
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