Euler Hermes and Colface pull trade credit insurance for shipments to Greece

[twacowfca]

Major trade credit insurers are pulling trade credit insurance for shipments to Greece in advance of the Greece elections vote, limiting shipments of supplies and components to Greece.

 

Trade credit insurers are also starting to restrict coverage for shipments to Italy and Spain, as reported by a major trade publisher.

[Parsad]

You could get a full collapse of the Greek economy if suppliers start to stop delivering inventory.  This is the incalcuable portion of these types of events.  Do you get food and gas shortages, more general strikes, riots, etc.  It's hard to tell what happens here now.  Cheers!