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Difficult 2011 for SMEs in Greece, Good for France

The year 2011 will be a difficult one for small and medium-sized enterprises (SME) in Greece, while France records a slight recovery. This emerged from a report on SMEs published today by the European Commission.

According to the report, the number of SMEs in Greece will fall this year by 3.3%, employment by 2.8% and the produced added value will decrease by 3.9%. Turning to Spain the European Commission has announced a 0.4% decline in the number of SME in the country and a 0.6% in employment, while the produced added value will rise slightly by 0.9%.

The number of SMEs in Italy is expected to fall by 0.6%, employment will not increase and the produced added value will decline by 2.9%. France on the other hand is expected to see a recovery: the 2011 forecasts made by Brussels mention a 2.1% increase in SMEs, a 3.4% rise in added value and a 0.4% growth of employment.

Most jobs were lost between 2008 and 2010 in small and medium-sized companies in Spain: -14.1%. Looking at other countries in the Mediterranean area, Greece recorded a 5% decrease in the same period, France 4.5% and Italy 3.3%.

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