Can a country’s culture increase the risk of payment defaults?

News

30 June 2020

The Covid-19 crisis is morphing into a payment crisis as companies tend to protect their working capital by paying their suppliers late. Defaults and insolvencies loom ahead. Companies need to understand structural payment patterns to help them triage bad payers from the good ones in finding their way back to growth. The Euler Hermes’ Country Risk database serves this purpose.

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