MDB issues new scheme with revised collateral requirement after the Malta Chamber of SMEs highlights difficulties
23 September 2020
Following problems flagged by members on accessing the MDB loan scheme, the Malta Chamber of...
Mario Draghi said: "The Governing Council took the unprecedented step to give
forward guidance in a rather more specific way than it ever did in the past. It
says the key ECB interest rates to remain at present or lower levels for an
extended period of time. It's the first time the Governing Council says so."
said the decision to issue ‘forward guidance' was driven by market volatility,
which took hold after the Federal Reserve last month set out a plan to begin
slowing its stimulus.
But he would
not be more specific on how long ECB rates would stay at record lows. "It's not
six months, it's not 12 months. It's an extended period of time."
met as political crisis in Portugal pushed the interest rates it is having to
offer on its bonds to unsustainable levels.
said ECB rules meant it could not intervene to help, but he had encouraging
words for Lisbon: "I think Portugal has achieved very remarkable results. It
has certainly been a painful route and the results that have been achieved have
been quite significant, remarkable, if not outstanding."
tensions in Portugal, and in Greece, risk sapping confidence one year after
Draghi imposed some calm by vowing to do "whatever it takes" to save the euro.
The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.
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