Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-12-14-Speech-1-192"

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"en.20091214.18.1-192"2
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"Madam President, ladies and gentlemen, the microfinance facility for employment is part of a set of initiatives that have been adopted at European level, and it gives the unemployed an opportunity for a new start and opens the door to entrepreneurship for some of Europe’s most disadvantaged groups, including, of course, the young. The new facility should extend the range of targeted financial support to new entrepreneurs in the current context of a reduced credit supply. Individual entrepreneurs and founders of micro-enterprises will also be assisted by way of mentoring, training, coaching and capacity building, in addition to interest-rate support from the European Social Fund. It is clear that, given the currently reduced level of bank lending and given the difficulties that now exist in accessing credit, if the weakest sectors of our society, the unemployed and disadvantaged groups, want to undertake an action, an entrepreneurial activity, all this must be supported robustly, because it is one of the instruments that can help us combat what is the natural epilogue to the financial crisis, namely an endless employment crisis. Although we are seeing signs of economic recovery, the signs are still negative with regard to employment. It is, however, necessary that the transfer of Progress funds remains unchanged, in the sense that we cannot give the signal to divert resources from the Progress programme. These resources need to be found from other sources and, above all, need to be associated with other European initiatives, so that we project a strong image and make a strong effort in favour of the unemployed in Europe."@en1
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