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Business demographics and dynamics in Europe: Trends in the composition of the company landscape

April 14, 2014
Region:
As a consequence of the eurozone crisis nearly all the EMU countries have seen aggregate company numbers fall over the past few years. The crisis has hit small and medium-sized enterprises on the eurozone's periphery particularly hard. The low demand triggered a sharp drop in the number of firms, mainly in Ireland and Spain but also in Portugal and Italy. As the crisis progressed, the funding conditions for enterprises in these countries gradually worsened and the differences in lending conditions between small and large companies increased. Apart from better funding access for SMEs also the elimination of structural obstacles to growth ought to be on the political agenda. [more]

More documents about "Europe"

182 (181-182)
April 22, 2008
Region:
181
Recent market turmoil and its consequences will negatively impact the earnings of European banks for a considerable time. This reverses a long period of improvements in profitability and efficiency. But: the current environment should not distract from the trends that have favourably shaped the structure of the industry for the last 10 years and will continue to do so: consolidation, internationalisation, convergence and increasing specialisation. In this study, we consider to what extent these trends are going to further shape the banking sector in the foreseeable future. [more]
June 16, 2006
Region:
182
Neither theory nor empirical observations can justify an interventionist industrial policy. Under the euphemism of economic patriotism, a policy based mainly on protectionist measures and state support will ultimately harm the competitiveness of affected industries. Such an approach threatens the viability of the single European market. A more promising alternative would be an economic policy that offers growth-enhancing framework conditions to create an attractive environment for domestic firms and foreign investors alike. [more]
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