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Access to EU finance for SMEs - what can we learn from Greece?

Small and medium-sized enterprises (SMEs) are the backbone of the EU economy. According to Commission estimates, the overall contribution of SMEs to EU-27 value added was more than 57% (EUR 3.4 trillion) in 2012. Although the role of SMEs in the EU economy is crucial and their well being should be a priority for European policymakers, they struggle with access to finance, especially in the countries severely hit by the crisis. The Greek experience can and should be taken as a case study and conclusions drawn on how to improve the system for the future. The publication summarises the discussion on access to finance for SMEs that took place in April 2014 during the extraordinary meeting of the Employers' Group in Kyllini, Greece.

 

 

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Access to EU finance for SMEs - what can we learn from Greece?