What measures are in place for Europe’s SMEs during COVID-19?

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SMEs are often said to be the backbone of Europe’s economy, but what measures have been put in place to help them?

This special episode of Business Planet from Euronews, in collobration with the European Commission, looks at the support that is being mobilised to support Europe’s 25 million SMEs. In an interview with Serge Rombi from Euronews President of SME UNITED Alban Maggiar, spoke of the “exceptional measures” being put in place and the need to keep the Single Market at the heart of all action taken and honour its borderless principles.

He mentioned the increased flexibility for Member States to grant loans to struggling SMEs and tools to help governments support companies and guarantee jobs. In addition he stressed the need for large companies to pay suppliers and sub-contractors, to avoid SMEs having to pay the price for unpaid bills.

Mr Maggiar called for entrepreneurs to hold on and stick together, as well as calling on big decision makers to honour commitments to smaller ones.

For more information read the original Euronews article.