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VÍCTOR MARTÍNEZ
vmartinez_EM
Wednesday, October 14, 2020 - 22:31
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Alert in banks due to the slowdown in credit and the increase in unemployed money
The coronavirus crisis is going to leave a good part of the Spanish business community in a more than compromised financial situation.
Added to the drop in billing due to the poor economic situation and sanitary restrictions is the increase in debt that companies - especially the smaller ones - had to face in order to survive the months of confinement.
The result is a totally unbalanced balance sheet and an increasing dependence on loans and credits granted.
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