At its meeting in Luxembourg on 15th of October, the European Ministers of Finance discussed a proposal made by the Commission and the European Investment Bank to help the access to finance of SMEs. The proposal contains three options, two of which involve securitisation. The securitisation options, similar in many respects to the proposal made by PCS in its response to the Commission's Green Paper on Long Term Funding, would involve the use of public money to take out the highest risk tranche. The official press release may be found
here.
