German focus: Trouble below deck

The small and medium-sized enterprises, once the bedrock of German economic stability, are experiencing serious financing difficulties as the cost of credit rises. Hardeep Dhillon asks whether securitisation is the answer.

Germany’s small and medium-sized businesses – Mittelstand – are worried that bank lending is set to become prohibitively expensive with the adoption of the new Basel banking regulations. So much so that there are suggestions of them using the asset-backed securitisation mar

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