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Europe Daily Bulletin No. 9932

1 July 2009
Contents Publication in full By article 15 / 38
GENERAL NEWS / (eu) eu/employment
On Thursday Commission will adopt proposal to facilitate microcredit access for unemployed, expected to enter into force next year

Brussels, 30/06/2009 (Agence Europe) - On Thursday 2 July, the Commission will adopt a draft decision to set up a microfinance facility providing microcredit and guarantees to micro-businesses, the unemployed and people who want to start up their own businesses. This new financial facility will have an initial budget of €100 million, which could leverage more than €500 million in a joint initiative with international financial institutions, particularly the European Investment Bank Group...

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GENERAL NEWS