During the first half of 2013, 6,500 companies filed for bankruptcy in Italy, a 5.9 percent increase from the same period of 2012, an Aug. 23 report by the Chamber of Commerce of Monza and Brianza revealed.
The Confederation of Business Industry said Aug. 21 in its quarterly survey that Britain's manufacturers are producing at their highest levels in two years, The Guardian reported.
The European economic crisis goes well beyond finance. It affects the economy, politics and social conditions in European countries and challenges the foundations of the European Union. The future of the bloc and the stability of the euro are in jeopardy.
