finance and bottlenecks

The EU banks have increased capital requirements. As a result the Spanish banks are not lending and Alestis, a major supplier for Airbus, cannot pay its vendors so it is slowing down production. End result: Airbus cannot get the parts it needs for the A320 and A380, both hot sellers at the moment. Alestis is a sound company with long-term contracts with Airbus, but without credit, it cannot finance production of Airbus's parts. Supply chain problems and bottlenecks can originate anywhere. We saw similar things happening in the U.S. a couple of years ago. Suppliers with firm contracts could not get financing to start production. Round and round we go.