maandag 5 oktober 2009

Was massive government stimulus in the banking sector useless?


However governments have ploughed so much money in their economies to encourage banks to start lending again... it is getting harder for small and medium sized enterprises to get a loan.
If governments want their economies to recover; businesses, individuals and investors have to be able to borrow the necessary amounts of money to buy goods and stimulate demand. Despite the fact that local governments have spent billions of euros to make loans easier to secure, the European Central Bank's survey found that 33% of small and medium sized businesses had got serious problems with getting access to loans from banks.
So isn't it time for the Eurozone governments to rephrase their objectives and to find out what the banking sector is doing with their "well-spent" money?

Charlyne Vagenende

1 opmerking:

Marilyn Michels zei

However wrong linking word --> Although governments have ploughed injected is a better word here so much money in their economies to encourage banks to start lending again... it is getting harder for small and medium sized enterprises to get a loan.
If governments want their economies to recover; use a comma instead of a semi-colon businesses, individuals and investors have to be able to borrow the necessary amounts of money to buy goods and stimulate demand. Despite the fact that try to avoid the use of 'the fact that'. This is not used that often in English local governments have spent billions of euros to make loans easier to secure, the European Central Bank's survey found that 33% of small and medium sized businesses had got serious problems with getting access to loans from banks.
So isn't it time for the Eurozone governments to rephrase their objectives and to find out what the banking sector is doing with their "well-spent" money?