It provides trade credit insurance, surety and collections services, and has a presence through 160 offices in 42 countries. Atradius has access to credit information on 60 million companies worldwide and says that the consequences of a breakup of the Eurozone would be highly damaging for a country that leaves the euro as well for those that remain within the currency union. A breakup should therefore be perceived as highly…
By Julia Pastor, in Madrid | The Italian Prime Minister Mario Monti visited Berlin last week to meet with German Chancellor Angela Merkel. Monti, who was interviewed by the German newspaper Die Welt did not hesitate, despite his admiration for Germany, to criticise the actions of the Franco-German axis in resolving the debt crisis. “Angela Merkel and Nicolás Sarkozy cannot lead the European Union by themselves,” he said. Moreover, in…
LONDON | Both the FTSE 100 and Dow are expected to make modest gains by the end of 2012, according to a survey of 100 senior representatives of investment firms. The euro is expected to deteriorate further compared to sterling, while the US dollar would increase in value. However, the majority interviewed thought that President Obama’s government had not done enough to stimulate the economy in the US. The survey was…
