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SME's Access to Finance

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Banks and other financial services providers must implement a single European payment area (SEPA) by 2014 following a deal reached yesterday (20 December) by the European Parliament and EU member state representatives.

Public services provision in Europe is set to be radically liberalised from bureaucracy but will at the same time come under more scrutiny from the EU executive following two proposals tabled by the European Commission yesterday (20 December).

The Commission will next week extend a €200 million 'social' micro-financing project helping Roma communities in Bulgaria and a company manufacturing fashion handbags in the Netherlands.

Special commercial embassies in Brazil and other fast-growing economies, easier terms for banking credit, and new investment funds designed to assist innovative businesses are likely to be touted in a European Commission action plan due later this year.

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Interviews

Ton Wilthagen Professor of Labour Markets, Tilburg University, the Netherlands

Professor: 'Stop paying benefits, start paying companies'

Brian Ager Secretary-General, European Roundtable of Industrialists

Entrepreneurship begins at school, argues ERT's chief

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