European companies customer bad debt rises to record €312bn
May 24th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Research released on Monday in Stockholm by one of Europe's biggest credit management services company, Intrum Justitia, shows that annual European companies written-off customer bad debt - - monies owed to a business but never paid - - has reached the record level of €312bn - - a figure exceeding the EU/IMF financial assistance package of €273bn granted to Greece, Ireland and Portugal.