French central banker says do not overdo warnings of bankruptcy wave By Reuters

0
13

© Reuters. FILE PHOTO: The G7 Finance ministers and central bank governors meeting in Chantilly

PARIS (Reuters) – Bank of France Governor Francois Villeroy de Galhau said on Tuesday there currently was no evidence business bankruptcies will go beyond catching up from exceptionally low levels seen last year, warning against exaggerating a wave of insolvencies.

Many European countries saw corporate bankruptcies fall to historic lows last year as governments put in place a range of measures to help them survive the coronavirus crisis and the lockdowns that left many businesses shuttered for months.

“Is there a risk of going beyond catching-up with an increase beyond the 2020 bankruptcy ‘deficit’? Nothing can be excluded, but nothing allows it to be anticipated today,” Villeroy told an online European Investment Bank conference.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.