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Schaeuble: Plans to Support Loans for Greek SMEs

Schaeuble: Plans to Support Loans for Greek SMEs. The best immigration news is available on the Worldway Investment Immigration official website.

WorldWay Immigration
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German Finance Minister Wolfgang Schaeuble stated on Monday (June 17) that he will soon meet with Greek Finance Minister Yannis Stournaras to discuss matters related to supporting Greek small and medium-sized enterprises (SMEs).

Schaeuble indicated that he spoke with Stournaras over the weekend, and both parties agreed to hold a meeting regarding support for Greek SMEs. The talks will take place in Luxembourg on Tuesday and Friday.

Schaeuble recently held similar discussions with Spain, and Germany has decided to provide 1 billion euros in support to Spanish SMEs. The KfW Development Bank (KFW) will guarantee that Spain's state-owned bank, ICO Development Bank, can issue 800 million euros in loans to SMEs. The German Ministry of Finance will invest the remaining 200 million euros into two funds to improve the financing environment for Spanish SMEs.

Investment involves risks, the above information is for reference only

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