Financial Engineering Instruments Financed from European Structural and Investment Funds and Financial Products issued by Financial Institutions supporting European Project Implementation
Journal Title: Revista Romana de Statistica - Year 2014, Vol 62, Issue 10
Abstract
At European level, the European Court of Auditors, in the Special Report No. April 2011 “The audit of the SME Guarantee” and Special Report no. 2 of 2012 “Financial instruments financed by the ERDF to support SMEs”, established that where equity instruments and debt instruments, the leverage obtained was not a significant one and it was even lower than the reference levels used as a base instead. Instead, guarantee instruments provides the best way to multiply public funds in the revolving system.
Authors and Affiliations
Daniel Ioan DUMITRESCU, Diana Valentina SOARE
Keywords
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