Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-12-17-Speech-3-358"
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"en.20081217.24.3-358"2
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"Question No 32 by Tadeusz Zwiefka ()
In the light of the current financial and economic crisis, in the words of Jean Claude Trichet, the most serious crisis since the Second World War, I would like to ask the Commission about its contingency plans for SMEs.
The recovery framework plan, due out on 26 November, is supposed to include short-term measures to help head off a recession. The Commission is looking at new funding and new uses for existing funds. It also wants to increase capital available for the European Investment Bank, the EU’s long-term lending institution. The Bank has already put together a EUR 30 billion loan package to help small businesses struggling to get financing. Such actions are highly commendable; however one of the most serious issues facing SMEs at this stage is the problem of defaults on loan repayments. Has the European Commission devised contingency plans especially targeted at this specific problem?"@en1
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"Subject: Contingency plans for SMEs"1
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