Development Minister threatens small businesses: Either merge or die

In his usual and well-known populist rhetoric, he also claimed that there are no businesses with up to 3-4 employees across the European Union.

Greece’s Development Minister and Vice of ruling New Democracy, Adonis Georgiadis, unfolded the ruthless neo-liberal vision of the government and threatened small and medium size businesses that they will not have access to bank loans. In an interview with Kontra TV on Tuesday night, the Minister threatened that small businesses that they will die out if they don’t merge. – Or be acquired for a bag of peanuts.


“In order for small business to survive, they should merge with other similar-sized ones in order to have access to loans and funding, or else they will die out,” Georgiadis said. The politician who is known for his populist rhetoric claimed that “businesses with 2-3 employees in the European Union do not have access to the banks “, said Adonis Georgiadis. He added that loans from the EU Recovery Fund will go through the banks and will be given to small and medium enterprises, only if they merge or are acquired by larger companies. In his usual and well-known populist rhetoric, he also claimed that there are no businesses with up to 3-4 employees across the European Union.