EU Renews Rules On Credit Insurance For Greek Exports
Law360, London (December 17, 2018, 7:23 PM GMT) -- The European Commission said on Monday that the EU’s member states will be allowed to provide insurance to cover exports going to Greece until the end of 2019, as coverage safeguarding these products is currently not available through insurers in the private market.
The commission, in its role as guardian of competition in the bloc, said that EU countries will be able to provide short-term export credit insurance to companies sending goods and services to Greece. This is because a consultation and economic data shows that this coverage is temporarily unavailable in the private market on exports to the country....
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