(FT) Trade credit insurers balk at Greek risk

Posted by Kendall Harmon

Two of the world’s biggest trade credit insurers have stopped providing cover for exporters to Greece in highly unusual moves reflecting their concern the country might leave the eurozone.

Brokers said the decisions by Euler Hermes and Coface were the only instances they could recall of trade credit insurers pulling out altogether from a European country.

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Filed under: * International News & CommentaryEurope--European Sovereign Debt Crisis of 2010Greece

Posted May 30, 2012 at 1:59 pm [Printer Friendly] [Print w/ comments]

1. Pageantmaster ن wrote:

The details are available in the WSJ here.  This is very serious indeed.

May 30, 4:13 pm | [comment link]
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