This blog talks about economics, finance, grants, money. Please see our blog dedicated to school teachers and real estate Confederation of Popular Banks and SMEs and crafts together against the crisis. President Malavasi the signing of the Memorandum of Understanding to support the Memorandum of Understanding to support the credit needs of businesses and financial assistance It was signed today in Rome at the offices of dell'Assopopolari Piazza Venezia, a Memorandum of Understanding to promote the territory, between the banks of the sector and the Confederations of Crafts and SMEs, operating agreements aimed at supporting the needs of credit and financial assistance for businesses. The protocol was signed by the President to Assopopolari Carlo Fratta

Pasini, President of CNA Ivan Malavasi, President of Enterprise Confartigianato Giorgio Natalino Guerrini and President of Casartigiani James Low. The agreement is in addition to the notice policy, signed on 3 August by ABI, the Minister of Economy and the Confederation of Crafts and SMEs, to which the Popular Banks have already joined. At the signing of the President and the heads of the three confederations dell' Polariscope have stressed the strategic importance, noting that the Popular Banks have consolidated a strong link with businesses rooted in the territory. Just consider that 74% of funding to businesses provided by banks to SMEs is popular and that 95 of client companies of Popular Banks are small and medium enterprises. Substance of the Agreement provides that the Assopopolari and three Craftsmanship promote: operational agreements to introduce elements of flexibility in managing the temporary installment repayment of loans to businesses "performing", working in the recapitalization process, including through the partial or total repayment of the installment for a period of 12 to 18 months; support for the cash needs of enterprises and for the renegotiation of their exposure to short; development of forms of financing new investments, taking into account the plans for reimbursement of the estimated timing of cash flows arising from investments made; forms and modalities of assistance and financial advisory joint-Banques Populaires in Confidi Association, aimed to optimize the financial profile of the enterprise; identifying best practices shared in the approach and case management of corporate crises; commodity supply and service associations and Confidi system Fedart FIDI by specialized structures of popular belief, in respect of specific operating profiles (factoring, leasing, credit recovery, back office). In implementation of the Protocol, whose duration is fixed until 31 December 2010, extended from year to year, the Parties have set up a table to define an appropriate national coordination of practical action and monitoring them. Will then be at the local level by individual banks of the system of People's Credit and territorial structures of CNA, and CONFARTIGIANATO CASARTIGIANI to make operational guidelines of the protocol, while respecting their autonomy.