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Swiss lead way with crisis loans to small businesses

Sam Jones

April 06, 2020 |

Financial Times |

Text |

800-1500 Words

Response Location: Switzerland

The Swiss government's economic stimulus package for small business is being lauded around the world for its speed and efficiency. They have pledged $40 billion in emergency loans to support small businesses during the coronavirus pandemic. The application is only a page long, the loan is interest-free, and businesses receive the money almost immediately. Their success is credited to their insular network of businesses and political elites that made the rollout exceptionally quick.

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