The latest meeting of EU governments over the weekend has put together yet another plan to try and avert the crisis in the Euro zone spiralling out of control. The reality is that sooner or later the outstanding debt liability of Greece will have to be substantially written off with some analysts estimating as much as 50% of the amount owed. Fortunately in the UK there is not the exposure to the Greek situation that other EU nations carry.
However as the international banking community prepares for another serious blow to its capital structure the UK banking community will not be immune. At the very least there will be a renewed focus on exposure and this will impact on their willingness to lend.
Now more than ever businesses must demonstrate that they have full control over all aspects of their operations. Reporting procedures must be rigorously observed and any potential problem areas or customers brought quickly into line. As it becomes harder to borrow, positive cash-flow is critical
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