The current liquidity problem of Greek companies is getting worse due to the fact that foreign business suppliers have stopped giving raw materials to Greece.
Foreign suppliers do not accept guarantee letters on behalf of Greek banks, demanding a cash down-payment in a difficult period, during which Greek banks have stopped financing small and medium enterprises.
As far as domestic market is concerned, Greek banks’ services to companies have been restricted, while foreign suppliers’ refusal for giving raw materials to Greek companies hinders the production and recovery of entrepreneurship.
This situation has led to a cash deficit concerning export and import companies as well. This deficit also leads to deferred payments to the public sector.
All these companies are intended to address the Greek Finance Minister in order for the liquidity problem to be resolved.
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