GE Says It's Minimizing Greek Business to Escape Crisis

General Electric Co., the world’s biggest maker of jet engines, power generation equipment and health-care imaging devices, said it’s minimizing business done in Greece to reduce effects of the sovereign-debt crisis.

GE has no more than 100 million euros ($126 million) in sales in Greece, mostly in the health care industry, said Ferdinando Beccalli-Falco, head of GE’s European and North Asian operations, said today at a press briefing in Frankfurt. The manager said he isn’t aware of any unusual delays in payments from Greek customers, which don’t include state institutions.

“We have built in firewalls and minimized the amount of business we do in Greece,” Beccalli-Falco said. “We are taking all the steps necessary,” he said, without elaborating.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE