Daily weekday news - Friday 3rd July 2009

03-Jul-2009 by $uccess News

-The European Commission said that it would create a €100 million (£83 million) microfinance facility to provide credit to small businesses and encourage people who have lost jobs to start such enterprises. The initial budget of the loan facility could leverage more than €500 million in joint ventures with other financial institutions. -The German carmakers' association, VDA, was upbeat on prospects for the domestic market in 2009, raising its forecast for new vehicle sales thanks to a government “cash for clunkers” scheme. The VDA said that thanks to the …

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