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SMEs English
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All SMES have been set up.
News and current affairs
In Europe, clusters of SMEs appear able to achieve economies of scale and scope, and thus to succeed collectively in global markets.
Moreover, contrary to a popular misconception, the EIB cannot lend directly to SMEs.
The EIB can only provide large banks with funding to lend to local SMEs.
Also, since the US and EU financial systems remain unlikely to provide credit to small and medium-size enterprises, direct government provision of credit to solvent but illiquid SMEs is essential.
But small and medium sized enterprises (SMEs) - the majority of firms in both Latin America and Europe - find it difficult to trade and invest at international level, in part because of high transaction and information costs.
The Union for the Mediterranean, launched by French President Nicolas Sarkozy in 2008, must be revitalized and re-directed towards development projects ranging from highways and ports to the promotion of small and medium-size enterprises (SMEs).
If the chaebols continue to do their own advertising, financing, and IT, they will starve SMEs.