[MGSA-L] Greek Retailers, Importers See Shortages Emerging By September

[June Samaras]

    June 5, 2012, 10:48 a.m. ET

http://online.wsj.com/article/BT-CO-20120605-707290.html

Greek Retailers, Importers See Shortages Emerging By September


By Nektaria Stamouli

ATHENS--Greek retailers and small businesses are starting to see
select items disappear from store shelves as a widening credit squeeze
weighs on importers, but industry officials expect that the real
crunch will become more evident by September if uncertainty remains
regarding the country's future in the euro zone.

Last week two of the world's biggest providers of trade credit,
Germany's Allianz SE (ALV.XE) unit Euler Hermes (ELE.FR) and France's
Coface, said they won't offer new insurance cover for exporters
shipping goods to Greece as they find it increasingly difficult to
price such cover

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