Europe’s Banks Reluctant to Aid Companies in Need of Cash

http://pix04.revsci.net/H07707/b3/0/3/0806180/986916153.js?D=DM_LOC%3Dhttp%253A%252F%252Fwww.themuslimtimes.org%252Fwp-admin%252Fpost-new.php%26DM_CAT%3DNYTimesglobal%2520%253E%2520General%26DM_EOM%3D1&C=H07707LONDON — European governments are not the only ones struggling with debt — so are some of the region’s companies.

As profits and sales slip, some European businesses are scrambling to pay their bills. With banks reluctant to lend, the fear is that companies will be unable to come up with the cash and will be forced to take drastic action, further weighing on the economy.  Read more

Categories: Economics, United States

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