04/12/2008 (Agence Europe) - In a letter sent on 3 December by its Director General Philippe de Buck to Economic and Monetary Affairs Commissioner Joaquin Almunia, BusinessEurope expresses its concern at the restricted access to financing, including for short-term liquidity needs, for European companies. BusinessEurope, which represents employers' organisations in Europe, warns against a wait-and-see approach which could turn out to be costly for growth and investment and bring substantial disruption to the economy at large. Real incentives have to be put in place to encourage a return to lending and capital market activities. This should be done by speeding up and increasing the effectiveness of bank rescue plans. (A.B./transl.rt)