Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-24-Speech-2-069"

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"Mr President, I am delighted to confirm that the Czech Presidency is promoting a clear definition of cohesion policy in a way that involves assistance for less developed regions. I would also like to call on the Commission to submit binding legislation harmonising the conditions for an effective micro-credit market. This is important not only in a time of crisis. We must facilitate access to funding for private individuals and for entrepreneurs who are unable to obtain loans from the traditional banking sector. The past history of consumer credit shows that the EU must act in a unified and effective way, particularly with regard to control instruments. Additionally, I think that micro-credit should be targeted mainly at projects in the less-developed European regions in the same way as cohesion policy, and also towards disadvantaged groups of citizens or highly innovative projects, in accordance with Lisbon strategy objectives. I would also like to alert the Commission to the risk of micro-credit being abused for money-laundering purposes. It is a pity that we still do not have a concrete legislative proposal on the table."@en1
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