Despite continued economic stagnation leading to higher default rates and business contraction in some sectors, a smaller pool of competitors is allowing those lessors who remain in Spain to capitalise on continued demand, writes Claire Hack
Thanks to comparatively low national debt, low inflation and a banking sector perceived as safe and stable, the muscular Australian leasing industry has largely avoided fallout from the European crisis. Smaller neighbour New Zealand, however, is feeling the pain of reliance on export, Claire Hack and Grant Collinson discover.
As the eurozone crisis has played out in news reports across the continent, Germany has been positioned as the immutable strongman of the economic area Yet, as Leasing Life investigates the state of German leasing, we discover the economy is not without its challenges.
The leasing market in Belgium, the Netherlands and Luxembourg continues, like most of Europe, to suffer, at least to a certain extent, under the pall of the eurozone crisis Investment has fallen, volatility reigns, and although some leasing companies may be yet to feel the full effects of the continuing maelstrom, it has undoubtedly cast a long shadow over the industry.
As uncertainty continues to reign over the success of economic stimulus packages worldwide, Claire Hack talks to Sebastiano Musso, deputy general manager and head of the Italian market at UniCredit Leasing, about the impact of the macroeconomic situation on the leasing market in the country.