TABLE OF CONTENTS

– Word of welcome from Mr Italo Calegari, AECM President.

– Foreword from Mr Erkki Liikanen, Commissioner of the European Commission.

– The Guarantee In a World Perspective, Pablo Pombo and Alfredo Herrero.

– Synopsis of the European Mutual Guarantee Associations members.

– Chapter I : Presentation of the European Mutual Guarantee Association.

– Chapter II : SMEs and Their Access To Credit.

– Chapter III : Mutual and Public Guarantee Schemes.

– Chapter IV : Business Profiles of the AECM Member Systems.

– Chapter V : Transversal Analysis of MGSs : Searching For Benchmarks.

– Chapter VI : Statistical Data.

– Chapter VII : Conclusions.

AECM Secretaria General