Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-02-11-Speech-4-140"
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"en.20100211.12.4-140"2
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Europe has targeted through the Progress programme the major problems faced by its citizens, helping achieve the employment, social inclusion and equal opportunity objectives. The introduction of a new microfinance facility is a beneficial initiative in the context of the economic and financial crisis we are going through and for addressing the need to put the European economies on the road to recovery.
It is precisely for these reasons that the new programmes should not be financed by reducing the current priorities. The solution approved today partially resolves a large part of the funding issue. Even though this does not provide the best possible solution, I voted for it because it is extremely important for us to have a European microfinance facility. The EUR 100 million, plus a possible further EUR 20 million for the 2011-2013 period, will be a separate credit line. This facility must provide useful assistance to the unemployed and vulnerable people who would like to set up or run micro-enterprises.
I believe that the European microfinance facility should have an even larger budget to make it really effective in achieving its employment and social inclusion objectives."@en1
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