Worldwide Bankruptcy Wave About to Hit

New Report: Worldwide Bankruptcy Wave About to Hit:

"Europe and the U.S. are about to experience a significant increase in business failures.

That's the conclusion reached by Paris-based Euler Hermes, the world's largest credit insurer, in a recently released 57-page report on business insolvencies worldwide.

With the exception of Japan, which recently emerged from its own 'Lost Decade,' Euler expects that almost every country in the world will see a rise in insolvencies far greater than previous economic downturns."