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Euro Corporates fear continued borrowing squeeze

As banks tighten their purse strings, European companies may find themselves suffering from impaired borrowing capabilities, potentially leading to funding shortfalls, says Moody's

A climate of conservatism at European banks portends a bleak future for companies in the region, according to Jean-Michel Carayon, group credit officer for corporates in EMEA at Moody's. Even after the recent round of taxpayer-sponsored bank recapitalisations, he says there is still uncertainty about the amount of capital banks will make available to companies. Given the condition of the market

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