According to Sami Mouley, international finance teacher at the University of Tunis, who has compared the situation in Morocco, Algeria and Tunisia, ''the crisis has caused problems for access to bank loans and for the stock markets. SMEs and medium-size industry get less than 19%of their financing from loans.
Companies had to uses their own resources for 51% of their financing." In the view of the expert, Tunisia was hit hardest, also due to the high inflation and the consumer price index rising by 2.2 points in one year. Mouley pointed out that the situation in Algeria is not brilliant, because ''the climate after the financial crisis has led to the development of anti-competitive practices like corruption, particularly in the field of granting licences and certificates." (ANSAmed).