The French credit insurance company Euler-Sfac said yesterday that the number of company defaults in France is likely to show a 7 per cent rise for 2003.
In the first five months of the year, the number of business defaulting grew by 12.7 per cent.
French companies are struggling to remain price competitive, owing to the fall of the dollar against the euro and uncertain prospects, says Euler-Sfac.
Source: Le Figaro
