1. The promotion of virtually absent alternative financial facilities, such as venture capital business, development banking, municipal banks, credit unions and non-profit credit cooperatives, should be supported. *10. Fiscal policy improvements should concentrate on income tax relief for new small businesses undertaking new investments and on a substantial simplification of the whole tax system, especially VAT. Fiscal administrative services (information, advising and the design of the whole system) should be provided with high professional efficiency. Support of the TEMPUS Programme in Cambridge;Applied Economics,1993
2. COMPOSING A FIRST DRAFT