ATHENS: Prominent members of the Greece business world said that around 200,000 small-to-medium businesses are in danger of financial asphyxiation. The continuation of the economic crisis is leading small companies and businesses to a deadlock. Even businesses that managed to survive the five-year recession are facing serious financial problems, even bankruptcy.
Georgios Karanikas, General Secretary of the Hellenic Confederation of Commerce and Entrepreneurship said that unless the Greece government comes to an agreement with creditors, the Greece market will not recover. He also said that the stalling of negotiations and general uncertainty has left the market frozen. Thousands of small companies and businesses have trouble meeting even basic funding needs such as paying the electricity bill, insurance, wages and sourcing.
