Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-12-15-Speech-2-083"
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"en.20091215.10.2-083"2
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"Thank you, Mr President, I voted in favour of the financial measures report. I think that this facility is very appropriate at this precise moment in time and that it will have a very positive impact if it is applied properly, as it was in my country, Bulgaria. At the moment, the climate is extremely unfavourable for small entrepreneurs who, with few opportunities available, have no chance of obtaining credit from banks.
All the banks are pursuing a policy which is basically incompatible with the concept behind banking institutions. I get the feeling that the banks are deliberately inventing an ever-increasing number of additional terms for no other reason than to prevent them from issuing credit. However, without credit, a business cannot operate.
Nevertheless, when credit is issued, these companies are obliged to provide guarantees of 100-150%, making them liable to go bankrupt. This is why I believe that the European Union and Parliament have, in this case, taken very appropriate action with this report, which will really contribute to the development of the European and Bulgarian economies."@en1
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