Home » In News » Spain creates 6 bln euro credit line for SMEs

Spain creates 6 bln euro credit line for SMEs

Spain will create a new 6 billion euro ($7.6 billion) credit line for small and medium-sized companies, Deputy Prime Minister Maria Teresa Fernandez de la Vega said on 6th March .

The fund marks the latest move by Spain’s government to channel state credit to small businesses that are struggling to gain bank loans during the global crisis.
(Reporting by Ben Harding; Editing by Andrew Hay) ($1=.7909 Euro)

(ben.harding@reuters.com; +34 91 585 8530; Reuters Messaging: ben.harding.reuters.com@reuters.net)


Copyright Thomson Reuters 2009. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.