Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-10-Speech-3-995"

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"en.20100310.19.3-995"2
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"I voted against the proposal for a directive on the annual accounts of certain types of companies adopted on Wednesday, 10 March 2010. While I am in favour of a significant reduction in the regulatory burden borne by SMEs, I do nonetheless believe that accounting requirements also constitute crucial management instruments for their external partners (bankers, clients, suppliers and so on). By reducing their access to credit, this proposal is liable, in the long run, to deprive SMEs of the conditions of transparency and confidence that are indispensable to their management and to the dynamism of their activity. It is paradoxical, on the one hand, to request greater transparency from the banks by criticising them for the non-transparency of the financial markets, which led to the current crisis, and, on the other, to seek to abolish the tools of transparency that are crucial to economic operators themselves and to the economic regulatory policies that I support at European level."@en1

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