SMEs will foot the bill, again!

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SMEs will foot the bill, again!
 © FinancialMirror 2021

It’s the 2012-13 banking collapse and financial crisis all over again.

Only this time around, despite grandiose announcements of financial aid, it is obvious that the small and medium-sized enterprises (SMEs) will be the hardest hit from the coronavirus pandemic.

There is no doubt that the €2 bln package is probably the biggest of its kind in per capita terms.

But how effective is it and how long will it take to implement? Certain clauses already disqualify a large number of SMEs, many of which had barely managed to stand on their own feet...

Read all latest: Cyprus Coronavirus News Updates - Live

This article was automatically added to our system 29-3-2020

SMEs will foot the bill, again!

The contents of this article including any associated images are © FinancialMirror 2021
Views & opinions expressed in this article are those of the author and/or FinancialMirror .

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