German firms report lending continues to be restrictive
Nov 30th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The credit hurdle for German industry and trade rose somewhat in November, having fallen in the previous month. Currently 42.9% of the firms assess banks’ lending policies as restrictive. In October 41.7% of the survey participants expressed this opinion. The financing situation of the firms remains critical and poses a risk for the economic recovery.