Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-09-Speech-1-130"

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"Mr President, I shall focus my speech on the first of the issues at debate, the statute for a European private company. As you know, just 8% of European small and medium-sized enterprises engage in cross-border transactions at a time when small and medium-sized enterprises represent approximately 99% of the companies in the European Union. This fact proves the shortcomings in the policy to encourage intra-Community business applied to date. It also proves the need for targeted measures to be adopted to create a single and more favourable regulatory framework at European level. The global economic crisis has now hit the real economy, the millions of small and medium-sized enterprises throughout Europe. Under the present circumstances, our prime target must be small, efficient enterprises. The Commission proposal for a regulation to the Council goes in the right direction which, in my opinion, is to reduce to a minimum the administrative burden faced by European small and medium-sized enterprises, which are required to meet different local administrative requirements in order to set up a company. The flexibility and uniformity of European private companies, the minimal cross-border component required, the simplification of checks on the legality of the memorandum and articles of association and the principle of starting capital of EUR 1 are the main tenets of a strategy which may well give new momentum to the development of intra-Community entrepreneurship. To close, I should like to congratulate the rapporteur, Mr Lehne, on the effort which he made in successfully achieving a compromise between the divergent opinions formulated by his colleagues in the Committee on Legal Affairs and in the various political groups."@en1
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