To great ills, great remedies. For several days, the public authorities have been activating all the levers to relieve the cash flow of companies and avoid bankruptcies. A week after the banks, the credit insurers (Euler-Hermès, Coface, Groupama, etc.), received on Friday in Bercy, in the company of the credit mediator, said they were ready to be more accommodating with their customers in difficulty. Credit insurance guarantees companies against payment defaults (unpaid invoices, payment incidents, etc.) from their customers. Concretely, the insurers said they were ready to apply an agreement signed in 2013 with the credit mediator, making it possible to avoid the sudden termination of guarantees, as had happened during the financial crisis of 2008-2009. At the time, the multiplication of terminations had accelerated the crisis of confidence, putting suppliers and buyers in difficulty. And had resulted in chain bankruptcies.
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Being the first witnesses of the difficulties
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