More than others, we would have justification not to comply exactly with the present fiscal rules. However, as small nations always have to try harder, we still hope to be able to cope with the situation, in spite of being very much dependent on developments of the world economy.
The new prudential regulations for SMEs do not make it mandatory for banks to require collateral but allow them to take into consideration asset conversion cycle and cash flow generation as the basis for loan approval. We would be willing to further improve and strengthen these regulations if any practical difficulties arise in their implementation.