Economics

Euro Area’s Small Businesses Fear Pandemic Will Cost Them Loans

Shuttered stores in Madrid, on May 7.
Photographer: Paul Hanna/Bloomberg

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By Piotr Skolimowski

May 8, 2020 at 9:37 AM UTC

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Euro-area small businesses entered the coronavirus lockdown fretting about losing access to bank loans because of the damage to their finances, according to the European Central Bank.