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Germany to Help Businesses with €1 Billion

Mon 3rd Jun 2013
Germany to Help Businesses with €1 Billion

News agency Reuters has reported that Germany will provide almost €1 Billion to Spanish small and medium enterprises in a bilateral aid program.

Spanish small and medium enterprises have struggled more than most during Spain's worst financial crisis in history due to their credit lines drying up and falling sales.

However, Germany's development bank KfW aims to boost the expansion and employment potential of Spanish SME's with the investment.

Whilst the investment in Spanish companies is welcomed, critics are sceptical that the investment will actually reach the companies which need it most and be used as is intended.

Comment on this Story

 
It would be great if they helped small business' with the social security payments if they employ someone from the unemployment register.
Yvonne - Tue, 4th Jun 2013