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Commissioner Corina Cretu uses Parable of Talents to prompt Romania use financial instruments in support of SMEs

March 13, 2015

​European Commissioner for Regional Policy Corina Cretu used Biblical teachings in a conference in Bucharest on Thursday to push the Romanian Government into giving proper attention to and accepting the importance of European financial instruments to support SMEs. He warned Romanian minister for European Funds Eugen Teodorovici that, in the words of Matthew, "from the one who has not, even what he has will be taken away". For his part, Teodorovici said that his government was working to create a state-controlled development bank to offer its own financial instruments to SMEs and other beneficiaries, in order to access European funds.

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