Europe shows solidarity in landmark debt mutualisation commitment

Posted On: 29th July 2020
Europe shows solidarity in landmark debt mutualisation commitment

Europe’s leaders have concluded four days of tortuous negotiations in Brussels to unite behind a historic coronavirus recovery fund which binds the bloc into a tighter fiscal union. The landmark package will see the EU raise €750bn in the capital markets to support economic recovery and cement unity between member states with widely differing existing government debt profiles and borrowing costs. The EU solidarity provides financial support to nations most severely ravaged by the virus, particularly across Southern Europe.

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Posted By: Mark Fry

Posted On: 29th July 2020

Mark is the National Head of Advisory and Restructuring, based in our London office, and has specialised in business rescue and restructuring for over 25 years. Mark has played a key role in developing the firm’s domestic and international advisory offering which is now a key part of the business. Advisory services include business reviews, debt advisory, financial and commercial due diligence (including acquisition, vendor, pre deal review and completion assistance), business valuation, Mergers and Acquisition advice, litigation support, solvent reconstructions, optimised exit planning, financial restructuring, performance improvement advice, strategic planning and implementation support.

Mark has been involved in a number of high profile cases including the successful restructure and sale of a Championship football club, appointed to the Landlord Restructuring Committee of the UK’s largest care home provider, as well as working with private equity houses on reorganisations, operational and financial restructuring, valuation and optimised exit of portfolio investments.

He has also been actively involved in property for many years, dealing with both commercial and residential developments, in the UK and abroad. He currently holds directorship’s of domestic and foreign property companies.