Ireland: Job creation at risk without access to credit for SMEs – EU financial services CEO

Irish SMEs, who make up 99.6% of Ireland’s total employers and employ 70% of the Irish work force, can contribute most to reducing unemployment, but this cannot happen while their access to credit remains constrained, according to Simon Davies, CEO of Bibby Financial Services (BFSI) Europe. He noted that while the Irish economy shows promising signs of recovery, Irish SMEs remain disproportionately impacted by the ongoing credit squeeze.