{"id":1620,"date":"2012-10-19T14:03:46","date_gmt":"2012-10-19T13:03:46","guid":{"rendered":"https:\/\/www.gettogrowth.co.uk\/?p=1620"},"modified":"2012-10-19T14:03:46","modified_gmt":"2012-10-19T13:03:46","slug":"if-you-run-a-uk-business-what-do-you-say-if-youre-asked-how-is-business","status":"publish","type":"post","link":"https:\/\/winningthinking.co.uk\/?p=1620","title":{"rendered":"Why does the stress in the Eurozone economies matter?"},"content":{"rendered":"<h3>Below are some excerpts taken from an excellent report from RSM Tenon<\/h3>\n<p><span style=\"color: #888888;\">Even if your business is not distressed the impact of the macro economic position; e.g. \u20ac1.2tr European lending which is distressed, will be far reaching and impact on customer demand in Europe which will indirectly affect everyone.. <\/span><\/p>\n<p><span style=\"color: #888888;\">These excerpts are shared as in support of our collaboration with RSM Tenon.All credit and quoted extracts from RSM Tenon&#8217;s insolvency <a href=\"https:\/\/www.rsmtenon.com\/Media-Centre\/Publications\/Newsletters\/Sector-and-Insolvency-Newsletter.aspx?dm_i=1536,YD3B,7W3XY0,2VC5E,1\"><span style=\"color: #888888;\">report to June 2012<\/span><\/a>..<br \/>\n<\/span><\/p>\n<h3><span style=\"color: #800000;\">Stress in the UK economy?<img decoding=\"async\" class=\"alignright\" alt=\"\" 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\" \/><\/span><\/h3>\n<h3>Snapshot of January to June 2012<\/h3>\n<ul>\n<li>11,892 UK companies became insolvent in the first two quarters of 2012<\/li>\n<li>The Business Services sector had the largest volume of insolvencies with 2,835 (26% of total English corporate insolvencies)<\/li>\n<li>146,000 \u2018zombie\u2019 companies are teetering on the edge*<\/li>\n<li>204,358 companies are at high risk of insolvency at the end of June 2012<\/li>\n<li>The sectors with the highest risk of failure are furniture manufacturers, textile manufacturers,\u00a0 construction and hospitality &amp; leisure<\/li>\n<\/ul>\n<h3><span style=\"color: #800000;\">What is a zombie business?<\/span><img decoding=\"async\" class=\"alignright\" alt=\"\" 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width=\"613\" height=\"395\" \/><\/h3>\n<p style=\"text-align: left;\">A company which is at high risk and nearing the point of insolvency but is still able to hang on, neither failing nor thriving.<\/p>\n<h3>The zombie signs:<\/h3>\n<ul>\n<li>Just being able to pay the interest on debts, but not reduce the debt itself<\/li>\n<li>In the event of a rise in interest rates, the business will be unable to pay its debt at all<\/li>\n<li>Currently struggling to pay its debts when they fall due<\/li>\n<li>Having to negotiate payment terms with suppliers<\/li>\n<\/ul>\n<h3><span style=\"color: #800000;\">What are the reasons we are not seeing a rise in Corporate Insolvencies?<\/span><\/h3>\n<h3><img decoding=\"async\" class=\"alignright\" alt=\"\" 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\" width=\"467\" height=\"374\" \/><\/h3>\n<ul>\n<li>Lender and general creditor forbearance with troubled companies<\/li>\n<li>Still very low interest rates, meaning businesses can continue; unlike previous recessions where the interest rate burden was a major cause of failure<\/li>\n<li>Zombie businesses &#8211; \u201cPretenders and extenders\u201d are still very much prevalent (see previous page), but at some point the un-repayable debt burden will have to be faced by many companies<\/li>\n<\/ul>\n<h3><span style=\"color: #800000;\">The sectors remain at highest risk of failure in the UK?<img decoding=\"async\" class=\"alignright\" alt=\"\" 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KEYVAQCKUUUAgGKSVfTz\/VsdwUg3uZNzxaW3m274p8m3z\/\/5\/q190z3h5RSGj1q0RhXtdvHXw\/X\/OyreA21jt1+Phu8e+5fe\/gq2sWcLfbro3WOh7fZy7zO7x902e0ny4\/Djg55LbxweeFaxqXqnag\/tM2JVZNjFAw8Pg\/ClP3rvo8IbXjBqxWu3W0l4jxE2+\/FU1XPp7cOj3iZbJxW+U7VHxxmZKtq92UJVZE7+8cmP1qK2ipwrPsJ2M+8znvAe5cmdY3vuM4Fv08\/zK4zCd8p\/dGTs3hpVtGPexW2TF8N+dvFqhiGeRTvDF664c3jsdns6fPdSj57m3OX6J0\/SObzn0Hg08OMr9F\/Z0XYSySpCo9pTCVazzv62zpp2o1FFhfNx5+ssNa98nczonRdk78dPw1QpjLpbdOd7AP7hj9JeBHg17DPSx+ar9ADJWDRV1PQK5o3uLwPpU4PZ9m6VIYxtxaN6NPAs83Tpx2eqvOP+pT\/dZ8Inaj03tecAidq9bcfmGZkq8hycsaeVRcrgFf1zsqeLPnvwaHiJwkO9vIo88+XO2618vjLOTvLI0lVUyHlshy99nFdrWZynxpxjHz1\/KO\/z+O477cOjtvkg8+VHAbpNm8r3scIJbsZ2lqkiz2wratG25Y4wT3x9OsGlqj0rObfbx1ewxfCM6nNKDbTdz1+m47TzYe48NtNy5fIfHRk0qsh5NVq43cvPyM6lmzedf2p\/8c9sUdvt1eV8OhrzpKfzweJcnDNb4CzTH+aRpEXPX0UXr9ZBeRXtdnHb7m6bAZxleDT84jt5Ynv06XCPqIlXSX3a9rfjnta47v4qip3jCu1jGYvWqKJX6N3J1P3740s9HRu49I8v++j55jOyh213j9putT3qGe5\/g97rG7LitqWHHOYDLu42jOfJt8PDj472RbeQqSKz2JnLUpxnZP\/Sdd812\/zj4qt9uY7UASVaeLhp7ST+DVV4gGQsev4qWlDSRdXgi87T\/zj3jB1wwttH\/6jbLSy9h49Ao4oK3+Pwmy09lx5F7hgL3OzvE403k4jaubZz+KMajtpJjg8GN+Y0cf4qsp3NQ+6WNC4rb+l+5kmfecW3y+282T\/GMLygfwIhOt2ufdeeUtxJQg6Q2mPzjEwVPV352i7xJI9deuzw7N09in+z74aUTF\/M57jCucsxzKMn9wzvX5xhbNRO4jHmzEajijzG3O591FbRUOdED8MZKmRxhiqyjY2a8Na+457dtb\/CbGMem\/NXkdPuTRrhPWtXMu8LMc4RUsJ5RfX0ek7aCNcZ\/RWuYNKiNarIs5M5u8Q51QqfZk58dH0U0qCeV3g\/7rl0s+P1TZ\/l7pZ+8Z3r4c6Dpf3JIYszjA0vzmk6SaOKjsxV9Gisf3jLC0Y9eTSes\/nZ63jCGJ58fJC99I9r2r\/JHi06\/PT6aOmBas8MZo2b+jhN8b9NgW1EFTW9QuD0tmcVxe5ztufbzubh1xMSVbRbXLcJb1SXhEc1H6rvx3mLq62i8AOkfNEaVeQ8n8Z2iWfRzuTdppkfD+luZ\/OQvndutNh3rXHUxT\/Ni+489fG8mv9gOXuQtDhPeXveqf7102HRGlWEKC170vY5npNLyGllHVFV5I8R2GSdLxTOHnTW4b3zz66q5itnqKIb4dcljQsNWbp\/eh5yfjRYs4r8Z4qoyxrb2XwXtc\/BcgzQ7Th9L7T\/65gX6t84S1eRc7YV2yVC80SbqNlTeIZHw2+\/07jQbjOAECHb7WIu8iiDYeDtdwL5F\/deTcP6OncS\/7HpeZsy9vChqyh2nmib6F284PVzys\/muzzlS+yQYZDNrjj\/+LM9RrpttM7vWuCE4\/Y7Iys\/Ke0MXUVvni3lnOj5px6Pnh87\/OWbuJkXN2AZ9Hwd9ZOUWfjJ3bzQlqWHH5sS7\/I43bMjWUW2\/bvkPfAkNzz\/dni31Y8qUVuPOjf7y1ThhTV83MkLZwCead\/FP8NF7SQhk1TP0l9te2ng\/uk5Ns9IVtHH73RbtHP404Mzdpo54Gzoo+25dffg0fCL7+QN1xU1cyp5156qfZejdlHbpvZIWvS0VRS1mXSvS96LK5kgHxfd80ijimwCV9x\/odC4dPMVIVVks3QVvUyn1JCr0cCLWduiHy0rxMV2a8\/j31+dJdp\/uPmc6Bf1+v4y8AfoOXNyHteFS\/cP98hYtEwVmYnOZz2Hd+2JafvM7fNF3wgJgdvZPPPwT\/ui9Fko+3Os+atI0W4v7z9fO3sd21VR1SmpSv+VHaTyy9\/l957W50p0hN6dhkwVee4U1e4xhqX7qyhqltp\/ux3XPeT2xaNXcG63kioa6rrELHaz3w7vv62OU7SnSzcfIP6dJOrY\/Eijirbv3+6B59VsT7YNf5TcudNonX22Ljq4w2a3LevjcK0+8J8fo4afPXg0\/OI7UYurek9DDhDbOS3q2DyjVEVRK99nBrFdVvjb1rLQEoElerHrN76Ov8ng1PlgebS\/mRfXf0L8cZT5APFXkefYPKNURS\/TJaFzfuqfIO9ieF6tM3MNe1b241jzu2aL7Zx\/LCvqWOuzzc07ycU\/DUs3DAw5QAxvU8iiz2hU0TiWOiX5V3bN87ht1jkCxQ7unDCwiuQ2dSqq6MbxsnSdPSawiiSONGfOCS6qVHJu9a8i9Xd5TENX0fYKepwMLWFGSO5XcoPOI2qzR91okhO+3TocLE+7YY5jcz5DV9Hrcj\/zvIIhwPY72cmdM6\/CiVv5nDFw6VHhhU55\/oMlcLlPm6zP4qKMdox0WO610avozzgngqev5lz6cbjz1ODckiPssi1sOTO652elm7olTebpP9vAEGfHZoeNMObeqFFFHmNu90a1VVQ4b4ot0aeLdq71e9TxAfDnYg9\/ei34tMNi58dR+7ZGFXlmW\/6ZWuHw4ys8Gmsb\/vHJhbcOSjb78aU8Q1SqSP1geaTz4m4DPB179uDpcg1v0+13DDSq6KjbThO+IMWz0qv6I7PdXjDj9KTyjn9kOEkFdrD6XpencLpDFf0\/ztlW0oJKXrCDqmljoJbkumuXx3awGKbq\/qX76e4AnuS2a7Lwc4JGFYV0ie3wCL\/n0D42Y+nZB9vHJfafAXRe6\/dCz5auco4LjB2yt9tGNb7CUO+Rf2s\/XdYIa72lUUUeP9E3DXrSmlQG0k2OKsd9ZuS9yNkHxxPa7Yt8XFb7orNnWqtU0cv08+ePr9PTylU01KQVF6Iuhf0xbr9TztkHxyHHB40BGgusG40qKt\/F32+b\/56D51K683CnoRZduPRuy\/XzbDf\/+vrftUdjC3cSfx8cA3teZIS9VKaKxln00zIIjSPDPGs7e50Oo\/w+HtVC+0BIVM\/Myb\/0YRd3JqQPOqzLx+YObLJpqyhqw61cRf5jwzNr284ZDWMfPT\/ExUJVdgN\/Ts+5ac0qwh+ZKrLVSUhpB94xCLmD0W14yDTNvN08YUruvUxQRS\/TbdXAaV\/P4SU7SaBtZrnwRxpV5Ke4q70iPmYTOLznBnRWUYmoM3IhlZwfSYd\/ajvV2z3osOiMfXu5Knq07apOiB9zPortGT4IxVO5OuntLB3+qcAq6nzH4oxMFdmq2HMiOxtleOfMRbi7Bjcv1zDcZntg1F4ZiF6X1JJ+1wzhpXcSz4baPTYPP\/uOgUYVGaYAF7dKWjbcxXNsb5tz8uI8WszDd2WmcqwGzhnRznmS6vyuLbuT2FbceUa9pVRFxzLPXuLT\/3T25J7JA3mOVedqOvd16c0uJ+ok1fldW3YnOb41I6y4UhW9+n76IKT\/S5JHqa0izwtKb\/ZCIV3iWfouhvPVrl9BeicJvDQZZMU1qghVPGel2JPaIAfMhew7GB2o5PxIcYObzbeCVBFGJH1OV+zRP+G3VTus+McFqWxws\/B3yjM2ZGsPXUW608xBkktsq6cuVmeczX77nWHFXsvalmhY+m7I+DuJk3NbnT0wh\/EM\/zN0Ff3x7yW7fbTbDheY3HnA2AbGnpWc2+HRk8tPK7onOOdwf5d4AhxjdFicnGNbU0XPmM+nZw+68VTIx+942qg9jKFOoqacx+OkWwGvbIRt1fldW3An2Z4JO89QL0hWUe3VqEHGtUVjl3h2F8+VTdQ8y\/OuiV6aFHJOIDIyTLY4p2OLCIW\/JlBF\/g1d9YaFLDGwxpyL9mxD88zL8ArlR+Z8p4l22\/V9OmXkYmh8eRtt6Cq6OBUOvg\/pJm90uxbHFnFOJhqfNsJmn+MtNrBdy3Z+1wbZSWI9qvz3g6dr\/ehtfWroKoLTcY\/pOes8ezC9CdbUtgrb66FX5gwatqne2W2Gp2MbhzwybRXNMfexhQ9cd\/Pw4\/MfLXrBd20Q2zoxF9Kr76RngiP9KcNU7+IJVBFuON\/vqOH+KxtDBdoWBA\/\/ZfQ6ZVDLMNXzV1Fq5VNFQ6s9ko\/T2\/7399CTs4p416o0bvmRrx2nraLtRL5w0x+vajvcp4pa9+PrZCcPHN7+5GzjHO0tPEdK+WqOeZJFC5kq2u5bWjuZYuYMhTOAzpY9G2bMP9pfYTtz2j3A+DSqSH0n00r7J\/w02rmK+k+QPy5I6K133p0zPL8xQPvdp92ThTb+U8PeZzObv4r8B5jB2fyuzx0259JfEZXvP05Ej7RdYKHYj75\/9mTnVdHZd2xHTfuiJ6C+vhpV9Hp+08N\/Ol7WCPN69evgPyq73EW8zsk5Ts08m2uErS1TRWblm1jOOFXkudmyuzRhN7gwThV5jLDfdjPf9FqjiibY0Db+S7rO9\/eiLkadN1vmuKjqKeT+Qe358eL+HsY3eRV9HNhzB406I5uXfvYgW+15gSoq4XzTww+WRd70xtWMmiYmkaki87bbPnmEmVr\/4dsXUakif87RjrQVOM90vOkttmu3fVCdy0ujivyq9k7bEge5zeXkvNWTlKq\/mdbFrGUjsKFuXUwr1bfe\/FW0Ow\/Wno4nnqzFkt5ux\/1NKLzBccZjnjnpvul9eKoo6m1KolFFsdtuhO1uU558kL32Vu3Btj3mdw8QbvAzbKyo+yUD0qiiI9ts69XrZBo4T9w9Ng8\/+85QouLVrubxjR58swPl5q8i6SmqLfwIUyfboueoop2hwqRyvunzzfQHNOxG1qiikAsL0SryzK9taxrSZCWLHqGDX1I7WLY+dyBGeNMlnG2QETaURhU5Fe6dsYsrD9+higyjRjPHWhg4m8C53Ty76woutsYIG2qJKipU8h5H3fFwVlHhDbpaTM9tqKJsXBV5GXayETbuS\/\/uuej5lLOSIv\/eLrq79lR+SjkzdBV57gIPsn3REz82qMX2h9nQVfRm2I8HOSpqj8aoFXfelyvZ7N2WdRbgvcrrnIi5GIWZRhUZlB8DH09AjamiTuj+U8OC51O\/7f3V3YO57XYSzx22kuEoNHQVbY9krRt0F0uvvTjo3GQlyu8OLVtFf8zb3LndFt\/s6oauIl3jVJHn0kqxis4S9m+jwhuzoqiilVFFKQLvsCWd1Gy3CqOWnmSQGcBqAje7c3\/T2l2xpVFF5bdcqsRel6yw0Ua4KlphO2\/tfj509p+ACzJVVB2hRuAPe94\/yw2JMbLyiYvW5vKLugeAlVFFIwq8v3f24FGS7QPc4oxstt1cjduNIpyDTBWxkxkct5X5osowHHjEM3PitKBOo4oQwnBJ5HwFoJ3\/Iv5FJ8miilIE3mELuRw0H5lciRosexHv\/8xCyK6+2mafg0YV6e5S4RcW\/LBH0SJbvvAymu5RRxXlqq0i29I5qsMtsjGPP5jssOJ8bGEOMlWku5N5YjvX2lmEutu81uLbzbzW0oc5nDSqCGbcfIcK9q6VUUXjqjr10z145L2TOC9r2NlWplFFC165bw\/vqgDrbO1YhT+9l7bgYY43jSo6UtlHbUfX7jn+nzD5j21ODbf4+flo2PJCqKJc5h\/P+F\/EGYCTqdmy24rdBmYaVaS7fwc2gW3dDQGENi+G4px40WQr06giXeVHFwdzf4EXtVpK9nbui85h6CpiT7Lh4Kx13MhsduCaTBXNcTBTBiugimLvS4fHw4CoolwcVGta833frm\/IzzXfL\/U0wGpbfgKjV5HojaaPIQfPDDg5Lwcvhre8zvHJHHFChq4idbvi5MBYh9bMKcpuTW0XRiI+BoIAAARNSURBVOaNdjzKFtnsc6CKOlntrLSyxafnVfv5dmtzoMmhioBgy07PF1lNZKCKgGDLTs+dP9P1D7\/4JwZHFQEYgrM8+Ay9NKoIQIzwT9D1XDpqUUVAjDU\/pPCK+6UL\/+9sLPipxWlQRSl0fyMKHou\/6YusJjJQRbm4abAg3mLgKaooF1WEddg+w3bxtKd\/ZGHNi9E5UEXpODZWs+w50TbxuvgFrEW2G15UEdDBIqfUXek2djBVhBdV1A0H1cqWevefXggGfgDv9jsYFlWU7n1ErXOjZnFr3p37s13lPuvOp1XnQBXlYqaGdWw\/QbB70HPpUEQV5aKKsI7t9dCL2wB4gipKxx2D1Sx+p2jbRkAjqggIxlm4xOIzAHVUERBstTPgsB8cWO2NkEYVdcJRsY7RzsjLYrMLoYrS8WFuzO1ir+78CTrqXxdVlItP0GF6\/LkE+FFFuaiiNS01Qx\/nZ0X9f8EWUaiidOuckvCn9jc9l8Vml0YVpeAYWNnxF2vYHzqgiqRRRSk4Da1seyrkUrgn7kDooopSUEUA0I4qSjHOD3KBbOzt8KOKgBickWs\/L8rnyKVRRUCkpbpnZ7finbcDvzghjSoCUizbSVUrThVJo4qAFAveoCvHNtdFFQGRVj4PLvtDMvhRRUAMPrawyGoiA1UEIEZ5B685A5gDVQRgBvzhH2lUEYAZ8Kf\/pFFFAGLU3qDjT\/9Jo4oAxOC6BGZUERBvOzFfZ4bOT2tgRhUBwTgjvyoKuPzze\/CgioBgVFEJNrI0qgiIx9y8P7azNKoIwCS4QaeLKgLgMshfPKJ4pFFFQIxBzsjLYiNLo4oAxCi\/KmIGoIsqAoLtzoDrnBD5FVeYUUVAsOP5d5Ezcu2n2BfZyLOiioBgy1bRVsmvuPZcHGJRRUA8fmLRHz8rkkYVAYix7A\/J4EcVAYjBnUmYUUVAjOP\/X85qd4p2azrCX0TtuXR4UEUAIlXVAH+FVhpVBMBlkMtBfqtJGlUEBFv2Bl2tYyPW5sEjVBEQjJMg8BRVBARbtoqWXXH4UUVADP4yd\/nPitbc7HOgigDMgOKRRhUBiFH7K65UkTSqCIi3vUE0\/Z2i2juT3BedA1UEBFv2dy0XWU1koIqAYFTRx39mL3qRjTwrqgiIt+ZtoqqfFa1W+VOiigDEKPlzqIWXYghEFQExlroAutD5WpAqmgNVBERa89ZcIT5BNweqCEi02jlxqU+xIxBVBKRYrYReC390EH5UERCDW0Pb66EXV0V4gioCEGnbRkAjqgiACx8cgB9VBAAoRhUBAIpRRQBcLu7CcYMOjagiAC67P\/Zz9p+AC1QRABc+tgA\/qggAUIwqAgAUo4oAAMWoIgBAMaoIAFCMKgIAFKOKAADFqCIAQDGqCABQjCoCABSjigAAxagiAEAxqggAUIwqAgAUo4oAAMWoIgBAMaoIAFCMKgIAFKOKAADFqCIAQDGqCABQ7P8AfznXpmu8td0AAAAASUVORK5CYII=\" \/><\/span><\/h3>\n<p>&nbsp;<\/p>\n<p>All credit and quoted extracts from RSM Tenon&#8217;s insolvency <a href=\"https:\/\/www.rsmtenon.com\/Media-Centre\/Publications\/Newsletters\/Sector-and-Insolvency-Newsletter.aspx?dm_i=1536,YD3B,7W3XY0,2VC5E,1\">report to June 2012<\/a><\/p>\n<p><span style=\"font-size: 10px;\">Extracts of these statistics and commentary may be reproduced subject to the following conditions:<\/span><\/p>\n<ul>\n<li><span style=\"font-size: 10px;\">No commercial or financial gain is made from the reproduction<\/span><\/li>\n<li><span style=\"font-size: 10px;\">Acknowledgement of RSM Tenon as the provider of the information is mentioned in the reproduced document<\/span><\/li>\n<\/ul>\n<p><span style=\"font-size: 10px;\">RSM Tenon<\/span><\/p>\n<p><span style=\"font-size: 10px;\">RSM Tenon is the 7th largest accountancy and business advisory firm in the UK, and has been recognised as the National Firm of the<\/span><br \/>\n<span style=\"font-size: 10px;\">Year by this year\u2019s British Accountancy Awards 2011. The company employs more than 2,700 people across 40 offices. RSM Tenon Group<\/span><br \/>\n<span style=\"font-size: 10px;\">is an independent member of RSM International, the 6th largest network of independent accounting and consulting firms worldwide<\/span><br \/>\n<span style=\"font-size: 10px;\">with more than 700 offices across more than 70 countries.<\/span><\/p>\n<p><span style=\"font-size: 10px;\">About Restructuring<\/span><br \/>\n<span style=\"font-size: 10px;\">The Restructuring service line of RSM Tenon is the second largest corporate appointment taker in the UK. Specialising in turnaround,<\/span><br \/>\n<span style=\"font-size: 10px;\">recovery, restructuring and insolvency in both the corporate and personal sectors, the Restructuring service line of RSM Tenon is led by<\/span><br \/>\n<span style=\"font-size: 10px;\">40 partners and supported by over 400 staff operating from a network of over 30 offices across the UK.<\/span><br \/>\n<span style=\"font-size: 10px;\">E: recovery@rsmtenon.com www.rsmtenon.com<\/span><\/p>\n<p><span style=\"font-size: 10px;\">About Tracker<\/span><br \/>\n<span style=\"font-size: 10px;\"> The statistics within this newsletter have been produced using RSM Tenon\u2019s interactive online monitoring system, Tracker. Tracker has been designed to analyse financial risks and give a clear and early indication of business risks. The information is collected from an extensive range of real-time and trusted data sources.. To learn more visit www.tracker-online.com Other sources of information<\/span><br \/>\n<span style=\"font-size: 10px;\"> The Office of National Statistics, Insolvency Service, R3 and the Accountant in Bankruptcy websites have also been used as a source of information for this newsletter.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Below are some excerpts taken from an excellent report from  [&#8230;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,14,21,16,17,1],"tags":[],"class_list":["post-1620","post","type-post","status-publish","format-standard","hentry","category-globalisation","category-growth","category-interim-management","category-news-2","category-turnaround","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why does the stress in the Eurozone economies matter? 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