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...