Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-09-Speech-1-138"

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"en.20090309.18.1-138"2
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"Madam President, small and medium-sized enterprises are the backbone of the European Union’s economy. Their great dynamism and capacity to grow and innovate have earned them a notable position in the EU’s policies. We congratulate Mrs Herczog, because her report encourages the growth of SMEs on the basis of a principle which is by no means trivial: in the political and economic actions of the EU and its Member States, we should think small first. The Small Business Act contains legislative proposals and political agreements that will give rise to administrative, regulatory and financial conditions with the potential to develop these units within the European economy. The current crisis and the instability of the financial system are restricting SMEs’ access to credit, and this is slowing down their usual economic activity. Now, more than ever, we need a coordinated response at European level and the initiatives of the Member States ought to be structured in terms of and aligned with the provisions of the document we are discussing today. In conclusion, I would like to say that it is particularly important to allocate EUR 30 000 million in the 2009-2011 period to encourage lending to SMEs. This initiative is in addition to the Competitiveness and Innovation Framework Programme and the JEREMIE initiative, and will have a multiplying effect on the funds that SMEs will be able to obtain. We are fully convinced that European coordination and the European scope of the response are vital in starting out on the road to economic recovery as soon as possible."@en1
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