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| United Kingdom (Photo credit: stumayhew) |
The majority of business leaders in Europe and the UK now think that one or more Eurozone countries will default on its sovereign debt this year, according to research by KPMG. Many UK businesses are debating whether the Eurozone crisis could be another Y2K and what the real impact on businesses profitability and cash flow might be. But only a minority of businesses are currently making contingency plans for such an event, according to our research. My view is this is not a theoretical debate; the market is already changing and creating a different business environment.
Governments and economists are still undecided on how to resolve the Eurozone crisis; there is only thing that we can be really sure of, no one really knows where this will all end up. So what does this mean to your business, and what, if anything can be done to prepare for the unknown?... Continue to read.
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