European Central Bank (ECB) President Mario Draghi, announced in Frankfurt on June 6 that the bank's interest rates would remain unchanged at 0.5 per cent and refused to detail new measures to encourage lending to SMEs.

This decision constitutes a "particular disappointment for Spain and Italy, countries where unequal access to finance for European companies is most evident," writes Cinco Días.

"The ECB is taking its time," writes the business daily, which considers that Draghi "turned a deaf ear to pressure and delayed new measures to stimulate the economy."