SMEs face reckoning as lenders flee and ECB boosts bigger rivals

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By Mike Turner
07 Jan 2021

Europe’s small and medium sized enterprises fear dark days ahead, as treasurers complain of banks withdrawing support and express concerns that central bank bond buying programmes favour the biggest and best capitalised companies. Mike Turner reports.

Many corporates have faced torrid times since the coronavirus pandemic began and countries have moved in and out of lockdowns. SMEs are in a tricky position as they only have a small pool of options for financing, compared to bigger companies that can access bonds and commercial paper ...

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