These forecasts are then shown as a range, with the highest figure and the lowest figure excluded. The range does not indicate the forecast errors. Chart 9  The Bank's Measures in Response to COVID-19 Supporting Corporate Financing Special Program to Support Financing in Response to COVID-19 Purchases of CP and corporate bonds: amount outstanding of about 20 tril.
Europe needs many new and dynamic firms that are willing to reap the benefits of opening markets and to pursue creative or innovative ventures. Notably, it is new and smaller firms – rather than large ones – that are the job creators. This requires an entrepreneur-friendly environment with less “red tape”, and easier access to the finance these firms need.