BRAVO International Group to continue its growth story under new ownership
In the 1870’s when the British Empire was the epicenter of the financial universe, the Editor of The Economist, Walter Bagehot observed “In England, after a great (credit) calamity, everyone is suspicious of everybody. As soon as that calamity is forgotten, everybody again confides in everybody”.
Leading up to 2008, indeed the lending marketplace was a place where “everybody confides in everybody”. The liquidity in the corporate and SME loan markets was jaw-dropping. Fast forward to 2014 in South Eastern Europe: ‘everyone is suspicious of everybody’.
Published on the TMA website: http://www.tma-europe.org/news-and-press/detail.asp?ItemID=251
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