Time: 30 June-2 July 2015
Venue: Milan, Italy
Banks and financial institutions play a very significant role in economic recovery and growth. Companies and SME’s (Small and Medium Enterprises) heavily depend on bank financing. Unfortunately, banks, as a precautionary measure, resort to tight credit and lending policy. On the same note, one should not forget to consider the fact that, in EU, half of exports go to other European countries which again triggers stiff competition among the members. While France and Germany are quite stronger in terms of key economic parameters, other countries such as Spain, Portugal, Greece and Italy continue to struggle and are straining every nerve to bring the economic engine back to normal functioning. Obviously, bank lending should take place in order to fuel economic activities. European Central Bank has already implemented several far reaching measures and is expected to play a major role in this front with greater initiatives and measures.
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