(FT) Trade credit insurers balk at Greek risk

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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Posted in * International News & Commentary, --European Sovereign Debt Crisis of 2010, Europe, Greece

One comment on “(FT) Trade credit insurers balk at Greek risk

  1. Pageantmaster Ù† says:

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