Future of SMEs: Europe’s economic powerhouses
Small and medium businesses (SMEs) are “the heart of Europe’s economy” but some have not survived the financial crisis and many others have had to innovate to have any kind of a future. Real Economy travelled to Italy to meet some of those who have risen to that challenge, often tapping into new sources of financing when lending from the banking sector was drying up.
There are some 21 million SMEs in Europe, supplying about 85% of jobs.
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