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Giving SMEs tools to combat late payments

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Both inside and outside their own borders, European small and medium-sized enterprises (SMEs) are particularly vulnerable to late payments – one of the leading causes of bankruptcy among SMEs. The lack of protection for SMEs not only cripples businesses and stalls economic growth, but might also discourage would-be entrepreneurs from taking chances. This is why the European Commission has introduced multiple proposals to give SMEs the help they need to inject more dynamism in Europe’s economy.

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