| Germany: Insolvencies up 7 per cent |
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"Poor payment practices aggravated corporate crises" - an actual analysis of Creditreform reported. Economic areas that are struggling as a result of the financial and economic crisis is already a difficult business situation and high bankruptcy rates are compounded further by the poor payment morale of the customer. Thus, Creditreform reported above average credit defaults and risks are reported by the metal and electrical industry, transport and logistics industry, as well as the construction industry where payment's of customers are rated with lower grades than last year. Creditreform publishes such news on regular basis and the recent newletter can be obtained from here (German language only) Source: Creditreform, July 26, 2010 |
