Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-14-Speech-1-155-000"
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"en.20110214.16.1-155-000"2
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"As a result of the crisis in the financial markets, small and medium-sized enterprises have suffered reduced access to finance. Particular difficulty in obtaining financial support is being experienced by new start-ups and innovative enterprises, whose operations are considered to be risky. Economic recovery will, in large measure, depend on the possibilities for development open to SMEs which, after all, account for almost 99% of all businesses. Therefore, I welcome today’s initiative regarding the revision of EU instruments to support SME finance in the next programming period. In particular, enterprises working on innovative methods should be given access to new forms of finance. I think, too, that simplifying administrative procedures and existing regulations will contribute to increased effectiveness in the management of European programmes created with SMEs in mind, and also to significant savings for SMEs themselves, which will spend less time on administration and more on the projects on which they are working."@en1
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