April 19, 2012
The NeuGroup’s Global Cash and Banking Group continues to keep an eye on Europe. And for good reason as the debt crisis, having simmered down in the first quarter, has jumped back into the news. This time it’s troubles in Spain. Despite good demand for Spanish government bonds recently, there are growing fears that Europe will not be able to contain its sovereign debt crisis. This has led cash managers and others in corporate finance to continue to prepare in any way they can. In a GCBG pre-meeting survey, most members said they were prepared for any extreme fallout from the crisis and now we’re trying to identify any indirect exposures.
Source: The NeuGroup Peer Research; GCBG Spring 2012