Contrary to popular belief, the Covid-19 crisis seems to have generated an accumulation and concentration of liquidity in European non-financial companies - and in particular in France.
This is because of the support mechanisms (partial activity, solidarity fund, loans guaranteed by the State, deferral of contributions, etc.) that countries have deployed to deal with the deterioration of the economy, but also the prudence of economic agents.
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This is what emerges from a study carried out by the Euler Hermes group on the evolution of the cash flow of European and French companies over the past year.
"Overall, their cash now represents about three months of turnover, or a month and a half more than the average level observed before the crisis"
, note the economists of the world leader in credit insurance solutions. .
This result must however be
"qualified",
both for France and for neighboring countries, because it is the companies
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