Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-12-03-Speech-3-177"
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"en.20081203.16.3-177"2
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"Mr President, I have asked to speak in order to congratulate the Commission on this initiative, which represents a major advance in cutting out red tape and other obstacles that European small and medium-sized enterprises (SMEs) have to face on a daily basis.
The plan emphasises the important role that SMEs play in Europe’s economy. As has already been pointed out, we must not forget that roughly 23 million small and medium-sized businesses operate in the EU, generate 70% of the jobs and cover all sectors of activity.
The action plan to reduce administrative burdens has set itself the target of cutting them by 25% by 2012. We cannot help the fact that current legislation generates some administrative burdens, with a cost estimated at 3.5% of Europe’s GDP in 2006. This ambitious target is part of a broader business policy, which aims at facilitating access for our SMEs to other markets, improving the potential for growth and encouraging the spirit of enterprise.
It is an excellent idea to help our SMEs develop their businesses beyond our own borders. In addition, a common procedure for setting up businesses in the EU will help them establish subsidiaries in other EU Member States and benefit from the opportunities offered by the single market.
My final point is that the main problem for our SMEs today is finance. We therefore welcome the European Investment Bank’s proposal to diversify SME support instruments, to simplify their use and to expand their scope."@en1
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