Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-14-Speech-1-133-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-02-14"^^xsd:date2
dcterms:Is Part Of	lp_eu:Practical aspects regarding the revision of EU instruments to support SME finance in the next programming period (debate)2
dcterms:Language	"da"^^xsd:language2
lpv:document identification number	"en.20110214.16.1-133-000"2
lpv:hasSubsequent	lp_eu:2011-02-14-Speech-1-134-0002
lpv:speaker	lp:Bendt Bendtsen2
lpv:spokenAs	unknown; Det Konservative Folkeparti (2009-07-14--2014-06-30)3 member_of_the_bureau; EPP (2009-07-14--2014-06-30)3 substitute; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2009-09-16--2014-06-30)3 substitute; BUDG (2009-07-16--2012-01-18)3 substitute; Special Committee on the Financial, Economic and Social Crisis (2009-10-08--2011-07-31)3 member; ITRE (2009-07-16--2012-01-18)3 member; Delegation for relations with the countries of South Asia (2009-09-16--2014-06-30)3 substitute; Delegation for relations with Australia and New Zealand (2009-09-16--2014-06-30)3
lpv:translated text	"Mr President, first of all, I would like to thank Commissioner Tajani for his statement. We have chosen to address this matter today because it is more important than ever to focus on providing finance for our small and medium-sized enterprises in Europe. There can be no doubt that SMEs’ limited access to financing is a major barrier to the creation of growth and to new enterprises starting up, and this situation has become worse during the current economic crisis. It has become much more difficult to obtain adequate financing from Europe’s banks. Europe’s SMEs are highly dependent on bank financing – in comparison with American enterprises, for example. In addition, the Basel III rules are about to be implemented; in other words; we have a new Capital Requirements Directive that is to be implemented. There is a risk that this will result in even greater difficulties when it comes to the provision of venture capital for our small and medium-sized enterprises. It is worrying that the increasingly capital- and risk-sensitive banking sector is now demanding higher collateral security and higher risk premiums. Both of these will result in insufficient financing and lost business opportunities, which again, ultimately, means the loss of jobs. Europe needs to become more competitive. We therefore need to strengthen those EU instruments that can help to increase investment, innovation and the development of SMEs, and I would like to call for an increase in budgetary resources for the financing of innovation and for the instruments that are already in place. The Commission must, of course, ensure that, in the next generation of programmes, much greater importance is attached to mezzanine financing, and that greater coherence is created within the SME support measures that are already in place, in other words, programmes like the Competitiveness and Innovation Framework Programme (CIP), the structural funds, the Seventh Framework Programme for research, and so on. Therefore, it just remains for me to say that this is an issue on which there will be a great deal of focus in this House in the coming months."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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