OPINION

Liquidity in Europe

The European Union is finally beginning to realize how just deep and terrifying the problem of the lack of liquidity really is for small and medium-sized companies operating in southern European countries.

Judging from the kind of discussions that have been taking place recently, it would appear that Germany and Brussels are planning ways to solve this serious situation.

Greece ought to benefit from such a development given that a large number of local small and medium-sized enterprises are facing major liquidity problems.

There will be no growth or rise in Greek exports if this issue is not resolved.

Let us hope that this significant and vital initiative will not get lost in endless procedures and European Union red tape.

The liquidity issue needs a decisive stance, right here and now.