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1-in-3 of Europe’s SMEs Not Getting Finance They Need

November 18, 2013 by Staff Reporter

Antonio Tajani, Vice-President of the EC in charge of Industry and Entrepreneurship

One third of SMEs didn’t get the full financing they had planned for during 2013, and 15% saw access to finance as a significant problem for their companies. Europe’s companies believe that bank financing conditions worsened during 2013, with respect to interest rates, collateral and required guarantees. Despite this sorry tale, 85% of all loans […]

Filed Under: ECB - European Central Bank, Enterprise, EU Institutions, European Commission

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