Small and Medium Enterprises Financing Scheme Less than a month after the Minister of Finance announced the creation of a Small and Medium Enterprises (SMEs) Development Fund in the Budget presented in November 2011, we acted promptly to set up the “Small and Medium Enterprises Financing Scheme” to facilitate access of SMEs to finance. Under the Scheme, the 14 participant banks – i.e.
The launching of a new central bank and a new currency is accompanied by uncertainty. The associated risk premium in the interest rate can be kept down by choosing an appropriate strategy and suitable top executives. The financial markets will keep a critical eye on the ECB right from the start. The initial monetary policy course thus takes on crucial importance.