* European corporate bankruptcies higher than pre-crisis
* EU wants early warning alerts to prevent bankruptcies
* Companies to receive support for early restructuring
By Francesco Guarascio
BRUSSELS, Oct 5 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 shows corporate insolvencies spiked after the
2007-08 financial crisis and are still …
Read the full article at: http://www.reuters.com/article/eu-business-bankruptcy-idUSL5N1CA46E
