European companies write off debt of €300bn - - equivalent to the national debt of Greece
May 10th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Research to be released tomorrow in Brussels by credit management services company Intrum Justitia is set to show that European written off debt - - monies owed to a business in the region but never paid - - has reached the record level of €300bn - - a figure equal to Greece's national debt. This is an 8% rise on the levels recorded in 2009.