May
25
Biggest Debt Collector in Europe Says Crisis Rates Not Helping
ByThe head of Europe’s biggest debt collector says the historic wave of stimulus spilling out of central banks has failed to fuel investment growth.
Lars Wollung, the chief executive officer of Intrum Justitia AB, warned that record-low interest rates “don’t seem to lead to investments that create jobs,” in an interview in Stockholm.
“A rate that is too low, or a rate that many of us have never experienced, is so extraordinary that it doesn’t create any stability or faith in the future at all,” he said. “Rather the opposite: one feels insecure and waits with expansion plans and to hire more people.”…
Biggest Debt Collector in Europe Says Crisis Rates Not Helping
