Improved SME financing in Europe


As a result of the global financial crisis, funding conditions for SMEs in the peripheral European countries tightened considerably.

But following the implementation of expansionary monetary policies, including TLTROs and negative interest rates, has loan activity improved for small businesses in countries like Spain, where they are key drivers of growth and job creation? During the crisis, many Spanish SMEs were forced into liquidation, in part due to crippling lending rates.

The financial web Bondvigilantes explains how the peripheral countries’ financing gap with the rest of Europe has been gradually closing since the Spring of 2013,  making funding cheaper for SMEs. But they are not out of the woods yet…

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.