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Commission to take on bottlenecks to financing of SMEs

Thu, 05/06/2010 - 3:22am
European Commission

Data from the European Commission and European Central Bank indicate that bank credit standards are still tight, net demand for loans from enterprises declined and almost 20% of SMEs’ bank loan applications are rejected. To address this issue Vice-President Antonio Tajani has proposed to upgrade the SME Finance Forum into a high-level dialogue between financial institutions and SMEs.

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