Swiss Economicblogs.org
The improvement and better access to credit bodes well for investment spending in the euro area as we move into 2018.Small and medium-sized entreprises (SMEs) are crucial for the euro area economy. They constitute about 99% of all euro area firms, employ around 70% of the workforce, and generate around 60% of value added. Their economic importance is above the euro area average in Italy, Spain, Portugal and Greece. Unlike large firms, which have access to alternative sources of finance, such...
Read More »Further improvement in financial situation of euro area SMEs
