The document discusses the impact of COVID-19 on the European Union's tourism industry and small and medium-sized enterprises (SMEs). It notes that the EU tourism industry employs over 12 million people and contributes over 10% to EU GDP. It states that traditional financial models have become irrelevant during the pandemic and that new scenarios need to be evaluated to help SMEs in the tourism industry recover. It proposes using mathematical models and financial health checkups to provide ratings and support to SMEs.

1. Inside Euronext
YouTube: https://youtu.be/hoysiyuGmpk

2. Help SMEs Revive

3. • EU’s Tourism Industry: 2.3 million businesses.
3
Source: https://www.europarl.europa.eu/factsheets/en/sheet/126/tourism

4. • EU’s Tourism Industry:
• Employing an estimated 12.3 million people (direct)
• 10.3% of EU GDP and ~27.3 million jobs (including
close links)
• Chinese contribution of German economy: €8.7 billion
a year.
4 Source: https://www.europarl.europa.eu/factsheets/en/sheet/126/tourism

5. The New Normal
• Financial institutions haven't collapsed, financial
ecosystems have ~ shutdown.
• Predictive Financial Models and AI Models have become
Irrelevant.
• Need is to reevaluate the financial scenarios.

6. Travel and Tourism Total Contribution in Economy

7. Travel and Tourism Total Contribution in Economy

8. Solution

9. Scenarios
May June July August September
Scenario 4.2
Scenario 4.1
Scenario 3.2
Scenario 3.1
Scenario 2.2
Scenario 2.1
Scenario 1.2
Scenario 1.1
15
30
45
75

10. Mathematical Model

11. Financial Health Checkup
Bankruptcy Identification

12. Rating to SMEs
Rated by Inside Euronext Rated by Inside Euronext

14. “To be successful, you have to have your
heart in your business, and your business
in your heart.”