Startups don't even have to encounter stingy venture capitalists to get stung by the new, more difficult financing environment.
Companies seeking to develop mining in the area had already faced a difficult financing environment because of the effects of the European sovereign debt crisis.
"It took 12 years of politics, state and local legislation, permission from 43 different state and federal agencies, and difficult financing to create this monumental landfill," Mr. Urstadt said.
The Fitch Ratings agency on Thursday cut Portugal's credit rating by one notch to A, and warned of further downgrades as the government struggled to whittle its debt and deficit, saying its banks faced a "difficult" financing environment.
The Fitch Ratings agency on Thursday cut Portugal's credit rating by one notch to A, and warned of further downgrades as the government struggled to whittle its debt and deficit and its banks faced a "difficult" financing environment.
WALL STREET JOURNAL European Buyouts on Ice | Bankers said difficult financing markets were causing European private equity buyouts to stall, predicting the freeze could last through the end of the year, Reuters writes.
Since then, the industry has recovered, helped to a large degree by the robust Chinese economy, and in some cases profit returned to record levels in 2010 — although concerns have since resurfaced, notably surrounding high oil prices and difficult financing conditions.
Mr. Schmidt said that while Solar Millennium had found investors interested in financing the Blythe plant, the looming expiration of the cash grants would make it more difficult to finance future projects.
Now, the plan is also proving difficult to finance.
Along with matching stories built around physical duress, both films were excruciatingly difficult to finance.
