Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-12-Speech-4-236-500"

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"The Commission is paying great attention to small and medium-sized enterprises (SMEs): the 23 million SMEs that form the EU’s economic fabric and are a source of innovation and creativity, allowing Europe to continue to distinguish itself in world markets. Little by little, red tape and legislation – which, until recently, nipped in the bud the development of innovative small companies – has been stripped away and young people are starting to see a glimmer of a stable future that is hopefully full of opportunities. Entrepreneurship, training, flexibility, smart regulation and access to credit are the key words of the Small Business Act, a framework that defines the EU policy for SMEs through targeted assistance and training activities for young people. Now that many initiatives have been defined, it is the responsibility of Member States and the European Union as a whole to implement them properly, providing SMEs with a greater freedom in their actions, allowing them to participate in public tenders, adopting the single European patent in the future and quickly implementing the directive on late payments. Lest we forget, investments are necessary to avoid the efforts made so far being thwarted, because only investment can affect the proper functioning of the mechanism and European competitiveness."@en1

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