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Europe Daily Bulletin No. 10426

26 July 2011
GENERAL NEWS / (ae) eu/jha
Aid to businesses to recover cross-border debt

Brussels, 25/07/2011 (Agence Europe) - On Monday 25 July, the European Commission proposed the creation of a European Account Preservation Order, with the aim of making it easier to recover debt across borders, for both citizens and businesses. Nearly a million small businesses are currently experiencing problems to do with money they are owed across borders and, every year, up to €600 million are written off because businesses are discouraged by the prospect of taking the trouble to bring...