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SMALL ENTERPISES INSTITUTE GSEVEE 46 Aristotelous str., GR-104 33 Athens, Τel.: +30 210 8846852, Fax: +30 210 8846853 www.imegsevee.gr , [email protected] ma R c A.E. Marketing Research Communication ma R c A.E. Marketing Research Communication e e - - mail mail : : [email protected] [email protected]

Marketing Research Communication e-mail: info@marc

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SMALL ENTERPISES INSTITUTE

GSEVEE 46

Aristotelous

str., GR-104 33 Athens, Τel.:

+30 210 8846852, Fax:

+30 210 8846853

www.imegsevee.gr,

[email protected]

maRc A.E.Marketing Research Communication

maRc A.E.Marketing Research Communication

ee--mailmail::

[email protected]@marc.gr

SURVEY SPECIFICATIONS

The survey was carried out by marc S.A. –Registered under NCRTV No. 1 (ONE), in the framework of the subproject 3 “Repeated GSEVEE studies-polls on issues of interest for small enterprises” in the framework of the action “Reinforcing GSEVEE institutional and operational capacity”. The action is co-financed by Greece and the European Union in the framework of the Operational Programme “Human Resources Development” ON REQUEST OF ........................... IME GSEVEE

POPULATION UNDER COSIDERATION… Small and micro enterprises as a whole (0-49 employees).

SAMPLE SIZE .............................. 1.200 enterprises

PERIOD ........................................ 24 - 31 January 2011

AREA ............................................ Pan-Hellenic coverage

SAMPLING METHOD .................... Multistage random sampling using quota based on sector and

geographical distribution.

METHOD OF DATA COLLECTION .. Telephone interviews based on an electronic questionnaire.

marc S.A.. .................................. Member of SEDEA (Association of Greek Market & Opinion Research

Companies), ESOMAR, WAPOR and respects the PESS regulation (on

Quality Control for Data Collection) and the international codes of

conduct on carrying out and publishing public opinion surveys..

SAMPLE STRUCTURE

SECTOR Trade 37,1

Manufacture 24,3

Services 38,6

NUMBER OF EMPLOYEES

With no employees 34,1

1 person 21,5

2-4 persons 27,4

5-9 persons 10,5

10 and more persons 6,5

TURNOVER Below EUR 100 thousand 51,3

EUR 100-300 thousand 28,1

Above EUR 300 thousand 18,0

NA 2,6

AREA Attica basin 36,6

Rest of Greece 63,4

You consider that the situation of your enterprise during the last half of 2010:

was improved

2,4%

was deteriorated

84,2%

remainedunchanged

13,2%NA

0,2%

1,8 82,5 15,4 0,3

3,4 87,0 9,3 0,2

3,7 75,5 20,4 0,5

3,3 83,4 13,4

1,3 88,6 9,9 0,2

2,6 78,2 17,9 1,3

4,8 82,5 12,7

3,7 79,3 16,5 0,6

0,8 88,7 10,5

1,7 87,3 11

1,9 84,2 13,4 0,4

2,7 83,6 13,7

2,7 84,5 12,6 0,2

0 10 20 30 40 50 60 70 80 90 100

SECTOR

Trade

Manufacture

Services

NUMBER OF EMPLOYEES

With no employees

1 person

2-4 persons

5-9 persons

10 and more persons

TURNOVER

Below 100 thousand

100-300 thousand

Above 300 thousand

AREA

Attica

Rest of Greece

Improved Deteriorated Unchanged NA

ASSESSMENT OF THE LAST HALF (2nd

HALF of 2010)

‐per category

PROSPECTS (JULY

2010) AND REAL SITUATION

(JANUARY

2011) FOR THE 2nd

HALF OF 2010

COMPARATIVE DATA OF IME GSEVEE SURVEYS JULY

2010 ‐

JANUARY 2011

ImprovementDeterioration

No changeNA

2,4

84,2

13,2

0,3

7,2

67,1

17,2

8,5

The situation in the 2nd half of 2010 The prospects on the 2nd half of 2010

IME GSEVEE preceding survey in July 2010 recorded a negative outlook by 67,1%

of the respondents,

which turned out to be rather optimistic, as based on the January 2010 survey

this figure hiked at 84,2,%.

January

2011

survey July

2010

survey

You  anticipate that the situation of your enterprise during the

next half  (1

st

half of 2011):

will be improved6,7%

will be deteriorated

68,0%

will remain unchanged

19,9%

NA5,4%

The prospects on the 1st half of the current year are ominous according to

68% of entrepreneurs

surveyed. Pessimism seems to be greater in the trade and services sector (with figures

above the 69%

of entrepreneurs surveyed).

JANUARY 2011

JANUARY JANUARY 20112011

JULY2010JULYJULY20102010

FEBRUARY2010

FEBRUARYFEBRUARY20102010

COMPARATIVE DATA TO IME GSEVEE PRECEDING SURVEYS

67,1%67,1%

71,8%71,8%

55,4%55,4%

84,2%84,2%

68,0%68,0%

80,2%80,2%

Enterprises’

situation increasingly deteriorates, and so are the prospects which become even more

ominous,

a

fact that

validates

GSEVEE

concerns

on further deterioration

of the situation.

Enterprises’

assessments,

recorded in the preceding IME GSEVEE surveys

(July

2010, February

2010), turned out to be moderate compared to the real situation (January

2011).

Under the existing conditions and the current prospects as far as the crisis is concerned, do 

you consider probable or not that your enterprise  will face grave problems in operating 

during the period to come to an extent that it will be at risk of shutting down?

Very probable26,8%

Fairly probable25,9%

Not very probable20,7%

Not at all probable25,1% DK/NA

1,5%

Very

& Fairly

probable: 52,7%Very

& Fairly

probable: 52,7%

Not very & not at all probable: 45,8%

Not very & not at all probable: 45,8%

In absolute numbers 225.000 enterprises are “in the red”

(26,8%), while

for another 215.000

enterprises (25,9%) it

seems

fairly probable facing

the risk of closing down.

* The possible closures imply the

risk of a 320.000 posts loss in total (employers, self-employed,employees).

FEAR OF A PROBABLE CLOSURE OF BUSINESS

COMPARATIVE CHART OF JANUARY 2011 ‐

JULY

2010 ‐

MAY 2009

0

10

20

30

40

50

60

May 2009July 2010January 2011

11,7

44,4

52,7

Compared to July 2010 survey,

where

a

risk of closure was faced by about 175.000 enterprises, in

the new survey there are recorded 50.000 enterprises more “in the red”, reaching a total of 225.000 enterprises.

Do you consider that an expansion of malls will lead to new closures or it will not affect 

considerably the local markets?

It will lead to new closures

87,1%

It will not considerably

affect6,8%

NA6,1%

Almost 9 in 10 entrepreneurs estimate that the expansion of shopping centres

like

Mall will lead to market centralisation

and to more closures. 88% of the entrepreneurs in trade sector point out this risk.

TURNOVER TURNOVER ((ASSESSMENTASSESSMENT) ) 

Can you indicate whether during the second half of

2010

the turnover of your enterprise

was increased, decreased, or remained unchanged?

Increased6,2%

Decreased80,2%

Remainedunchanged

13,5%

NA0,1%

The vast majority (80,2%) of the respondents states a turnover decrease during the 2nd half of 2010. The greatest losses were recorded in the enterprises of the self-

employed by a 87%.

TURNOVERTURNOVER

PROSPECTS (JULY

2010) AND REAL SITUATION

(JANUARY 2011) FOR THE 

2nd HALF of 2010

COMPARATIVE DATA OF IME GSEVEE SURVEYS OF JULY 2010

JANUARY 2011

ImprovementDeterioration

No changeNA

6,2

80,2

13,5

0,1

9,3

65,6

18,6

6,5

Situation in the 2nd half of 2010 The prospects on the 2nd half of 2010

It is noteworthy that the negative prospects

(65,6%) recorded for this

period of time in

a

preceding ΙΜΕGSEVEE

survey (July 2010) were moderate compared to the assessment in the

present survey(80,2%)..

January 2011

survey July 2010

survey

TURNOVER TURNOVER ((PROSPECTPROSPECT))

During the next half (i.e. the 1st half of 2011) do you anticipate that the turnover of your 

enterprise will be increased, decreased, or it will remain unchanged?

It will be increased

6,3%

It will be decreased

70,0%

It will remainunchanged

20,8%

NA2,9%

DEMAND DEMAND ((ASSESSMENTASSESSMENT) ) 

The demand for the products or services that your enterprise offers 

during the last half (2nd

half of 2010):

was increased6,2%

was decreased78,3%

remained unchanged

15,4%

NA0,1%

The

greatest problem with regard to demand decrease

was faced by the 80,5% of manufacture enterprises surveyed.

DEMANDDEMAND

PROSPECTS

(JULY

2010)

AND REAL SITUATION (JANUARY 2011) FOR THE 

2nd HALF OF 2010

COMPARATIVE DATA OF IME GSEVEE SURVEYS OF JULY 2010  ‐ JANUARY 2011

ImprovementDeterioration

No changeNA

6,2

78,3

15,4

0,1

9,2

63,8

19,6

7,4

The situation in the 2nd half of 2010 The prospects on the 2nd half of 2010

The

prospects for a decrease in demand (63,8%), recorded in a preceding IME GSEVEE survey (July 2010), turned out to be optimistic as well, as the actual deterioration raised at 78,3%.

January 2011

survey July 2010

survey

DEMAND DEMAND ((PROSPECTPROSPECT) ) 

Do you anticipate that the demand for the products or services that your enterprise offers 

during the next half  (1st

half of

2011):

will be increased7,6%

will be decreased

70,5%

will remain unchanged

19,1%

NA2,8%

LIQUIDITY LIQUIDITY ((ASSESSMENTASSESSMENT) ) 

The liquidity in your enterprise during the last half (2nd half of 2010):

was increased3,0%

was decreased84,3%

remained unchanged

12,5%

NA0,2%

LIQUIDITYLIQUIDITY

PROSPECTS (JULY 2010) AND REAL SITUATION

(JANUARY

2011) FOR THE

2nd HALF OF

2010

COMPARATIVE DATA OF IME GSEVEE SURVEYS JULY

2010 ‐

JANUARY 2011

ImprovementDeterioration

No changeNA

3,0

84,3

12,5

0,2

8,5

66,9

17,8

6,8

The situation in the 2nd half of 2010 The prospects on the 2nd half of 2010

In a preceding IME GSEVEE survey (July

2010), the prospects on liquidity during the 2nd half of 2010 were

negative by a 66,9% of the respondents,

a fact that turned out to be moderate , as a decrease in liquidity was recorded eventually by a 84,3%.

January

2011

survey July

2010

survey

LIQUIDITY LIQUIDITY ((PROSPECTPROSPECT) ) 

Do you anticipate that liquidity in your enterprise  during the next half  

(1st half of

2011):

will be increased5,6%

will be decreased

74,3%

will remain unchanged

17,6%

NA2,5%

More than 7 enterprises out of 10

anticipate a decrease in their liquidity during the 1st half of 2011.

Worse hit is a 78,9% of low turnover enterprises (<

EUR 100.000), as well as

76,7% of enterprises with one employee.

ORDERS ORDERS ((ASSESSMENTASSESSMENT) ) 

Orders towards your suppliers during the last half  

(2nd half of 2010):

were increased4,3%

were decreased79,5%

remained unchanged

12,3%

NA3,9%

82,9% of commercial enterprises recorded a decrease in orders during the 2nd half of 2010. Overall, about 8 entrepreneurs out of 10 recorded a decrease in their orders during this period.

ORDERSORDERS

PROSPECTS (JULY

2010) AND REAL SITUATION

(JANUARY

2011) FOR THE 

2nd HALF 

OF

2010

COMPARATIVE DATA OF IME GSEVEE SURVEYS OF  JULY 2010 ‐

JANUARY 2011

ImprovementDeterioration

No changeNA

4,3

79,5

12,3

3,9

8,1

64,4

17,4

10,1

The situation in the 2nd half of 2010 The prospects on the 2nd half of 2010

A 64,4% of respondents to IME GSEVEE survey in July 2010 anticipated a deterioration in its

orders, a fact

not confirmed by the new survey

of January 2011, where this figure hiked at79,5%.

ORDERS ORDERS ((PROSPECTPROSPECT) ) 

Do you anticipate that orders towards your suppliers during the next half 

(1st half of

2011):

will be increased5,3%

will be decreased

70,8%

will remain unchanged

18,2%

NA5,7%

INVESTMENT ACTIVITY INVESTMENT ACTIVITY ((ASSESSMENTASSESSMENT) ) 

The investment activity of your enterprise during the last half 

(2nd half of 2010):

was increased3,8%

was decreased45,3%

remained unchanged

39,4%

NA11,5%

The assessment in the present survey showed that for 45,3% there was a decrease in its investment activity, while, additionally, the 39,4% of the respondents that have not changed their investment activity possibly suggests a low or zero level of investment.

INVESTMENT ACTIVITY INVESTMENT ACTIVITY ((PROSPECTPROSPECT) ) 

Do you anticipate that the investment activity of your enterprise during the next half 

(1st half of

2011):

will be increased3,3%

will be decreased

43,2%

will remain unchanged

39,7%

NA13,8%

Almost

48% of commercial enterprises estimates that it will proceed in decreasing its investment outlays during the 1st half of 2011.

1,9

70,5

5,1

2,6

7,8

8,6

0,3

0,4

1,8

1,0

0 10 20 30 40 50 60 70 80

Increased by 1

Increased by2

Increased by 3

Increased by more than 3

decreased by 1

decreased by 2

decreased by 3

decreased by more than 3

remained stable

NA

EMPLOYMENT EMPLOYMENT ((ASSESSMENTASSESSMENT) ) 

The staff of your enterprise  during the last 6 months ( 2nd half of

2010) was increased, 

decreased, or it remained stable?

3,5

24,1

increased3,5%

decreased24,1%

remained stable70,5%

NA1,9%

24,1% of the respondents stated that it proceeded in a staff reduction during the 2nd half of 2010, while

only a 3,5% proceeded in an increase. The net rate of enterprises that proceeded in a staff reduction is

20,6%.

Therefore, following a moderate scenario and according to IME GSEVEE elaboration, it is estimated that there were about 100.000 jobs lost during the 2nd half of 2010.

The aforementioned lost jobs build on 88.000

more jobs estimated to be lost during the 1st half of 2010, according to the preceding IME GSEVEE survey (July 2010).

EMPLOYMENTEMPLOYMENT

PROSPECTS (JULY

2010) AND REAL SITUATION

(JANUARY

2011) FOR THE

2nd HALF OF

2010

COMPARATIVE DATA OF JULY

2010 –

JANUARY

2011

SURVEYS

IncreaseDecrease

No changeNA

3,5

24,1

70,5

1,9

2,4

21,2

62,7

13,7

The situation in the 2nd half of 2010 The prospects on the 2nd half of 2010January

2011

survey July

2010

survey

to be increased4,9%

to be decreased27,2%

to remainthe same 64,6%

ΝΑ3,3%

EMPLOYMENT EMPLOYMENT ((OUTLOOKOUTLOOK) ) 

During the  6 months

to come (1st half of 2011) do you consider most probable the staff of 

your enterprise to be increased, decreased, or to remain the same?

Reduced to enterprises having employees

More than

1 in 4 enterprises estimate that they will have to reduce their staff during the first half of 2011. According to IME GSEVEE estimations, and following a moderate scenario, this counts for 110.000 jobs being in an insecure state.

3,5 24,1 70,5 1,9

3,8 45,3 39,7 11,4

4,3 79,5 12,3 3,9

3,0 84,3 12,5 0,2

6,2 78,3 15,4 0,1

6,2 80,2 13,5 0,1

0 10 20 30 40 50 60 70 80 90 100

TURNOVER

DEMAND

LIQUIDITY

ORDERS

INVESTMENTS

EMPLOYMENT

Increase Decrease No change NA

ASSESSMENT OF THE LAST HALF

SUMMARY CHART

4,1 18,3 73,1 4,6

3,3 43,2 39,7 13,8

5,3 70,8 18,2 5,7

5,6 74,3 17,6 2,5

7,6 70,5 19,1 2,8

6,3 70,0 20,8 2,9

0 10 20 30 40 50 60 70 80 90 100

TURNOVER

DEMAND

LIQUIDITY

ORDERS

INVESTMENTS

EMPLOYMENT

Increase Decrease No change NA

PROSPECT ON THE NEXT HALF

SUMMARY CHART

COMPARISON WITH PRECEDING SURVEYS

TURNOVER

* Decrease

** It will be further decreased

DEMAND

* Decrease

** It will be further decreased

LIQUIDITY

* Decrease

** It will be further decreased

ORDERS

*Decrease

** It will be further decreased

INVESTMENTS

* Decrease

** It willl be further decreased

STAFF

* Decrease

** It will be further decreased

45,3

* Decrease recorded in the preceding half

** Decrease expected for the forthcoming half

1,5

2,1

4,1

5,5

15,4

10,6

1,3

10

5,8

15,8

4,8

10

5,3

7,8

0 2 4 6 8 10 12 14 16

Up to 10% decrease

About 15% decrease

About 20% decrease

About 25% decrease

About 30% decrease

About 35% decrease

About 40% decrease

About 45% decrease

About 50% decrease

More than 50% decrease

No change

Slight increase

Significant increase

NA

Overall, which was the per cent difference observed in your turnover in 2010 

compared to the 2009 turnover?

86,8%

6,2%Average turnover decrease: 30%

Overall, which was the per cent difference observed in your turnover in 2010 

compared to the 2009 turnover?

‐Based on sector‐

SECTOR

Trade Manufacture Services

Up to 10% decrease 9,7 7,5 6

About 15% decrease 6,7 3,1 5,2

About 20% decrease 11,7 6,5 10,6

About 25% decrease 4,9 5,1 4,5

About 30% decrease 15,7 15,1 16,4

About 35% decrease 6,3 4,5 6

About 40% decrease 9,7 9,2 10,8

About 45% decrease 1,6 1 1,1

About 50% decrease 9,2 12,7 10,6

More than 50% decrease 11,9 20,9 15,3

No change 4,9 5,8 5,8

Slight increase 3,8 4,1 4,3

Significant increase 2,2 3,1 1,3

NA 1,6 1,4 1,9

Average turnover decreaseAverage turnover decrease 28%28% 32%32% 30%30%

All three sectors show similar figures regarding turnover decrease. However, it is noteworthy that in manufacture sector more than 1 in 5 enterprises show a turnover decrease above

50%, a figure much higher than the one in trade (11,9%) and services (15,3%).

During the last 6 months period

(2nd half of 2010) have you been facing difficulties in 

paying employees’

wages in time?

‐Radix: Enterprises with employees during the last half of the year‐

Yes, major24,3%

Yes, some times19,9%

No particularly40,4%

NA15,4%

44,2%

44,2% of entrepreneurs surveyed states that it faced problems in paying wages in time.

Barely 4 entrepreneurs out of

10 hadn’t any difficulty in paying wages in time.

Did you have to, even for a short run, reduce working days or hours for some employees?

‐Radix: Enterprises with employees during the last half of the year (2nd half of 2010)‐

Yes30,2%

No54,5%

NA15,3%

More than 1 out of

2 respondents state that they didn’t have to reduce working hours or days for some employees during the 2nd half of 2010.

39,5% of manufacture enterprises stated that it had to reduce working hours, while 44% of enterprises with 5 to 9 employees had to implement the same practice as well.

Did you have to reduce some employees’

salaries?

‐Radix: Enterprises with employees during the last half  of the year (2nd half of 2010)‐

Yes, for some of them8,0%

Yes, for all of them7,6%

No69,0%

NA15,4%

15,6%

Almost 7 in

10 entrepreneurs stated that for the time being they didn’t have to reduce employees’

salaries. However, 15,6% of respondents had to proceed in wages cuts partially or fully.

How probable do you consider that you will have to reduce your employees’

wages or 

working hours during the half to come

(1st half of 2011)?

‐Radix: Enterprises with employees

Fairly probable (almost certain)

31,8%

A little probable (I can't say no)

23,1%

Not at all probable29,8%

NA15,3%

Barely 3 in

10 respondents do not consider probable to move towards this direction. 53,9% of respondents stated that it considers more or less probable that it will proceed in reducing its employees wages..

Many enterprises reported that now they have difficulties in meeting  key obligations. 

During the last half of the year you are late in your debts towards

SUMMARY CHART

24,0 70,7 5,3

27,3 72,2 0,5

28,4 66,0 5,6

29,3 64,1 6,6

30,8 69,1 0,1

31,9 65,4 2,7

36,3 63,5 0,2

0 10 20 30 40 50 60 70 80 90 100

ΟΑΕΕ (your insurance fund)

suppliers

Public utilities (PPC, ΟΤΕ, watersupply)

Rent

Loans

Tax authority (VAT, wage taxetc)

ΙΚΑ (security contributions)

Yes No NA

Debts towards insurance funds constitute a knot for enterprises. 

GSEVEE lobbies for the repayment of past debts towards ΙΚΑ

and ΟΑΕΕ

by paying bimonthly 

a percentage of 20% upon the current contribution. Do you agree with this proposal made 

by GSEVEE to the state?

Yes69,8%

Rather yes9,2%

Rather no5,2%

No12,3% NA

3,5%

Yes & Rather yes: 79,0%Yes & Rather yes: 79,0%

Rather no

&

No: 17,5%Rather no

&

No: 17,5%

0,8

51,1

8,3

6,3

6,6

2,8

2,4

4,6

1,6

3,3

4,4

7,8

0 10 20 30 40 50 60

About 10%

About 20%

About 30%

About 40%

About 50%

About 60%

About 70%

About 80%

About 90%

About 100%

I am not using checks in mytransactions

NA

Which is the per cent amount of your relations to other enterprises made through checks?

•One in two enterprises uses checks in its transactions .

•31% of enterprises makes transactions mainly through

checks.

•The use of checks is decreasing.

17,1

31,0

0

10

20

30

40

50

60

70

July 2009January 2011

63

48,1

Enterprises using checks

COMPARATIVE CHART

JAN. 2011 -

JULY

2009

1,2

1,0

1,9

0,3

0,7

0,9

3,5

4,7

20,5

12,3

17,9

21,4

5,9

7,8

0 5 10 15 20 25

up to 2 months

2 months

3 months

4 months

5 months

6 months

7 months

8 months

9 months

10 months

11 months

12 months

More than 12 months

NA

How long does their postdate period usually last?

‐Radix: Enterprises that use checks in their relations to other enterprises‐

4,7

15,1

24,7

19,5

36,0

0 5 10 15 20 25 30 35 40

2 months

4 months

6 months

No

NA

Would you ask for a time limit in checks repayment, and if so, how long would that last? 

Two, four, or six months?

Radix: Enterprises using checks in their transactions

More than 80% of those using checks in their transactions ask for the enforcement of a limit in

checks

post-date. It is worth noting that

more than 1

out of

3 enterprises asks for the post-date

limit not to exceed 2 months time.

Yes ("dishonoured"

already)37,9%

Yes (great risk not to be covered, insecure)

7,3%

No54,1%

NA0,7%

Do you hold checks by your clients that are not covered or are insecure?

Radix: Enterprises using checks in their transactions

45,2%

Almost half of the

entrepreneurs using checks in their relations state that they hold checks that have already been ”dishonoured”

(37,9%),

or that are insecure (7,3%).

During the last 6 months (2nd half of 2010) did you turn to a bank for financing, or not?

yes20,1%

no79,3%

DK/NA0,6%

Almost 8 in

10 entrepreneurs stated that they didn’t address themselves to a bank for financing during the last half of 2010. As a matter of fact, this figure in self-employed reaches 84,8%. The survey gets confirmed by Bank of Greece data, where, in October 2010, a fall by 0,8%

is recorded in bank loans of industry, compared to October 2009.

Has your request been accepted or rejected?

Radix: Entrepreneurs that turned to a bank for fiancing

Yes31,8%

Partly (smaller amount,

unfavourable conditions etc)

11,8%

Rejected54,3%

DK/NA2,1%

According to IME GSEVEE survey, more than 1 in 2 requests for lending towards bank institutions were rejected. It must be noted that 75,8% of self-employed got a negative answer in its request for bank financing.

You didn’t turn to a bank because you didn’t need financing or because you knew that it is 

very difficult for a loan to be issued?

Radix: Enterprises that didn’t turn to a bank for financing ‐

0,6

1,4

0,3

1,4

1,4

3,2

5,4

27,6

58,7

0 10 20 30 40 50 60

I wasn't in need of financing

it is difficult for loans to beissued

Repayment inability

I don’t trust banks/ I don’t wantto get embarassed

Overindebted / in the red /Tiresias

They are expensive (high rates,unfavourable conditions)

Closure, retirement etc

Other

DK/NA

Do you believe that Banks support the efforts made for reinforcing SMEs

such as TEMPME 

and the recently established entrepreneurship fund (ΕΤΕΑΝ), set up by Mr. Chrisochoidis, 

or they impose their own views and conditions?

They support the efforts made

5,6%

They impose their own views

85,8%

NA8,6%

It is indicative for the business community distrust towards the

Banks that 85,8% of respondents considers that these institutions impose their own views in the issues of TEMPME and ΕΤΕΑΝ. The highest figures of distrust are shown in manufacture sector, where 87% of entrepreneurs seem negative towards Banks stance.

Which one do you consider to be more important? Keeping on supporting financially Banks 

so as not to be at risk of closing, or supporting thousand small

enterprises so as not to close 

down even f this leads to a bank closure?

Keeping on supporting financially

Banks9,2%

supporting thousand small enterprises so as not to close

85,9%

ΝΑ4,9%

The vast majority of entrepreneurs (almost 9

in

10) prefers swiftly supporting small enterprises,

even if this implies a bank closure!

Some people say that a strong state pillar must be created to promote development 

financing, by  joining together National Bank, Hellenic Postbank, and Deposits and Loans 

Fund. On the other hand, other do not consider it necessary.

Do you consider that such an 

evolution is necessary or not?

Necessary60,2%

Not necessary23,2%

NA16,6%

6 enterprises out of 10

consider that the creation of a state pillar in the bank system is necessary for financing the real economy.

Do you believe that Greece will be eventually able to overcome the crisis –even if more 

austerity years will be needed – or we will not be able to avoid bankruptcy?

It will be able43,1%

We will not be able to avoid bankruptcy

48,6%

NA8,3%

The distrust that Greece will not manage to overcome the risk of

bankruptcy seems to outperform. 48,6% estimates that avoiding bankruptcy is not feasible, against a 43,1% that believes that there will be a solution in the debt problem.

Do you believe that the additional taxes you have to pay:

they will work and they will be

used as revenues for citizens

10,6%

or they will be lost through

state machine85,9%

ΔΑ3,5%

The vast majority of the respondents (85,9%) doesn’t trust the state and considers that taxes won’t work. It is indicative that 91% of enterprises with 10 employees and more

believes that taxes do not work as revenues, they are not properly exploited. Barely 1 citizen out of 10 thinks that this money will be exploited accordingly.

12,6

29,7

51,7

54,1

0 10 20 30 40 50 60

Participation in socialdialogue procedures

Organised suspension ofpayments towards the

Public sector

Actions-protests

Shops' closing down

Which ways of action do you consider to be the most effective so

that SMEs

demands will 

be taken on board?

(multiple)

(56,8)

(43,5)

(20,9)

(12,3)

JULYJULY20102010

Compared to the figures of IME GSEVEE July 2010 survey, it seems

that as the situation deteriorates, so much come before more radical ways of action, such as protests, but also the suspension of payments, despite the fact that such an action has not been proposed so far by any representative-professional

organisation,

so as to create this kind of climate.

10,4

5,1

12,0

35,2

37,3

0 5 10 15 20 25 30 35 40

Participation in socialdialogue procedures

Organised suspension ofpayments towards the

Public sector

Actions-protests

Shop's closing down

NA

Which way of action do you consider to be the most effective so that SMEs

demands will 

be taken on board? (1 option to be chosen) 

Do you agree with the view that it is worth supporting GSEVEE so

that its interventions 

become stronger for diminishing crisis impacts on small and medium‐sized enterprises?

Agree84,3%

Don't agree9,8%

NA5,9%

84,3%

of entrepreneurs agree that GSEVEE must be supported, so as to be able to continue its interventions. About 8 in

10 entrepreneurs from all three sectors (manufacture, trade, services)

support the actions of the Confederation and call for its greater support.