Information request

Availability of short term export credit insurance for exports to Greece

As a consequence of the difficult situation in Greece, a lack of insurance or reinsurance capacity to cover exports to Greece was observed in 2011. This led the Commission to amend the Communication of the Commission to the Member States on the application of Articles 107 and 108 of the Treaty on the Functioning of the European Union to short-term export-credit insurance (Communication on short-term export-credit insurance) by temporarily removing Greece from the list of marketable risks countries. This modification is due to expire on 31 December 2013.

To determine whether current market situation justifies the expiry of Greece's removal from the list of marketable risk countries in 2013, or whether a prolongation is needed, the Commission invites Member States, credit insurers and other interested parties to submit information on, among others:

Private credit insurance capacity
Activity of insurers acting on behalf or with State guarantee or the State itself in provision of short-term credit insurance for exports to Greece in 2013
Sovereign sector ratings
Corporate sector performance in Greece

The deadline for replies is 6 November 2013.

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