Euro zone firms face tighter credit and rising costs
Euro zone businesses are struggling to secure bank credit amid rising costs and higher interest rates. An ECB survey shows growing strains on working capital and tighter lending standards.
Euro zone companies faced tighter credit access and higher borrowing costs in the three months to September, according to a European Central Bank survey released Monday morning. The tightening arrives as businesses grapple with expensive fuel and rising operational expenses. The squeeze threatens to constrain short-term funding needs just as corporate working capital pressures mount.
