I commend these business leaders for their vote of confidence in the country’s economic prospects, but it is not enough. We need the entire business community to stop watching and commenting on the game from the sidelines. Ladies and Gentlemen, there is a view that business must stop feeding from government. And business must start feeding government.
Firms have been forced to close not only because business models were flawed, but because they were located in the wrong place and could not get access to finance. Two major challenges lie in front of us: 1. Continental Europe remains a bank-based economy, and small businesses mostly depend on banks to finance themselves.