Traduction de «Politique de resserrement du crédit » (Français → Anglais) :

tight credit policy

tight credit policy

monetary tightening | tight monetary policy | tightening | monetary restraint | monetary stringency | tight money | tight money policy

tightening of money | tight money policy

credit crunch | credit squeeze | tightening of credit | credit freeze

credit contraction | credit freeze | credit restriction | credit squeeze | credit tightening

credit squeeze [ credit crunch | credit restriction | tightening of credit | credit tightening ]

credit crunch

shrinking in the volume of available credit

B. whereas as said study shows, when the credit squeeze does not bring companies to their knees, it drives them into the arms of usurers, despite banks in their turn receiving money from the ECB at interest rates only slightly above zero;

Our equity, debt and other markets play a smaller role in financing growth and European businesses remain heavily reliant on banks, making our economies vulnerable to a tightening of bank lending.

G. whereas the reduced availability of credit limits investments, obstructing innovation as well as the adoption of new efficient technologies; an industrial policy in Europe therefore requires a robust financial architecture that promotes investments,

29. Stresses that the financing of the real economy, and of SMEs in particular, has not been restored on the EU’s periphery; points out that major differences in access to finance tend to exaggerate internal divergences in the EU, and the euro area in particular, and distort the internal market through uneven competition conditions; reiterates that cleaning up bank portfolios is a precondition and stresses that negative economic prospects only partially justify such restrictive credit constraints; calls for closer monitoring of the application of the new prudential rules and the banking sector practices in financing the real economy, ...[+++]in particular economically viable SMEs; acknowledges, in this regard, the important role that the new innovative financial instruments can play in various European programmes and in the Cohesion Policy in fostering public and private investment, and urges the Commission to guarantee legal clarity and transparency of implementation around new financial instruments in a timely manner and before the start of the 2014-2020 programming period; calls for more analysis and supervision of the shadow banking system and its impact on the real economy; calls for the Commission to prioritise work on alternative and diversified sources of financing for SMEs, in particular through the financial markets, the European structural and investment funds, the European Investment Bank, the European Investment Fund and public development banks;