http://www.economist.com/news/britain/21569412-flow-credit-british-business-continues-dry-up-latest-policies-may-yet-open

This article describes the credit problems that are occurring in Europe. Banks have been unwilling in many cases to give loans to small businesses, and if they do, interest rates have been relatively high. This has been caused by supply problems being experienced by the banks, which means they must charge higher interest rates on loans. In addition, this causes higher prices for small businesses across Britain which can hurt consumption and cause even more problems. Experts are not entirely sure what to expect in the future, but there are measures being taken to try and fix this problem as soon as possible.