Better late than never, you might say. Five years after the financial crisis almost instantaneously wiped out the funding market for small and medium-sized enterprises across the European Union, the European Commission has finally got round to addressing its own contribution to the blockage.
New rules unveiled by the Commission today finally free the EU’s member states from the red tape that has prevented them from doing more to help SMEs – and medium-sized companies too – to access the funding they need to grow and develop. At least that’s the idea.
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