* European corporate bankruptcies higher than pre-crisis
* EU wants early warning alerts to prevent bankruptcies
* Companies to receive support for early restructuring
(adds comment from EBA’s Enria, details)
By Francesco Guarascio
BRUSSELS, Oct 5 (Reuters) – An external early warning system
for companies at risk of insolvency is central to a European
Commission’s draft proposal to cut the region’s bankruptcy
problem and help banks recoup bad loans.
Non-performing loans (NPLs) on the euro zone’s main lenders’
balance sheets neared 1 trillion euros ($1.1 trillion) last
year, about 9 percent of the bloc’s gross domestic product,
hitting banks’ ability to make money on corporate lending.
EU data s…
Read the full article at: http://www.businessinsider.com/r-update-1-eu-plans-insolvency-early-warning-alerts-to-cut-banks-bad-loans-2016-10
