Sarkozy pledges €2bn to small businesses

Article reports that France pledged €2bn to help fund the growth of small and mid-sized businesses, October 2009, in an effort to fuel economic growth by replicating the success of Germany’s ­Mittelstand companies.

Nicolas Sarkozy, the President, unveiled the measures to reinforce the capital of France’s 2.5m small businesses, which have long suffered from lower profitability than European peers and so struggled to raise development finance.

ESO: Background information: Small businesses weigh Sarkozy’s reforms http://www.europeansources.info/record/small-businesses-weigh-sarkozys-reforms/

---