The July stimulus will be a multibillion euro package of supports to small and medium-sized enterprises impacted by Covid-19. Today's Revised Estimate is a smaller affair entirely but, to an extent, this debate is rehearsing certain lines of argument on these issues. In that sense, the debate, important in itself, has a greater or wider significance. A package of supports for SMEs is one thing but such a package without strong terms and conditions is rather different. For instance, should a company which refuses to…