Despite the distress in the eurozone, the majority of European executives expect that access to funding will either remain unchanged or get better in the next two to three years, according to a report by legal practice Allen & Overy.
According to the “Under pressure. Funding options in an uncertain world” study, as many as 33% of respondents from Europe are positive about the outlook for access to funding, with 54% expecting it to stay it at the same level and only 13% predicting it will get worse.
The Allen & Overy study also shows that 33% of respondents expect their need for funding to increase in the near future. Along with the growing need for funding, 52% of business executives predict that the cost of credit will increase by 2013. Significantly, one in three business leaders from Europe declare that they may seek out funding from Asia.