Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-14-Speech-1-146-000"

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"Mr President, I would like to welcome the Commission statement on the revision of EU instruments to support SME finance. It is very clear that the cost, and indeed the availability, of credit remains the single biggest challenge facing the SME sector in Europe, and indeed in my own country of Ireland. Many viable businesses continue to have difficulties in accessing affordable credit from the banks. That is unacceptable. I can only speak for my own country, but bearing in mind the support that the SME sector has received from the taxpayer in Ireland, that sector is the engine of growth in the economy. It is the private sector that creates the jobs. All that we in the Commission, Parliament and the Council do is to create an economic atmosphere conducive to investment, and we must continue to do that. I am delighted that the Commissioner has referred to flexibility and said that access to capital should not be bureaucratic, but he is merely following through on the statement by the President of the Commission in his State of the Union address. We must monitor what is happening closely, because the President said that we would have an annual saving of EUR 38 billion from European companies. We must ensure that we help those small companies, because they will help to create the jobs and reduce unemployment."@en1
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