And as SMEs account for around 85% of total employment growth in the EU, and have a much higher employment growth rate (1% annually) than large enterprises (0.5% a year), the costs for the European economy would be very high. So how can we avoid this scenario?
For the first time in over 50 years, England was on the cusp of winning its first major global tournament. Unfortunately, the trophy did not come home but went to Rome. As English fans absorbed their 2/4  BIS central bankers' speeches  loss, they must have remembered their retired talisman David Beckham, who could have very likely made the difference.