This is the headline on another AEP article and thanks to Saferanger for the lead. Ambrose is as always very bearish on Europe but if the facts stack up, tough credit conditions will not ease the recovery prospects for the vital manufacturing sector.
Perhaps some of them are profitable businesses that can operate without endless lines of credit. Imagine that, and all the snouts that would have to pull out of the trough if people and businesses only spent what they realistically could afford to spend.
