Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-24-Speech-1-143-000"
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"en.20111024.15.1-143-000"2
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"Europe has been slow in responding to the current financial crisis. The focus has been put on fighting the fire instead of investing in the future. May I remind the Member States that the drivers of economic growth and creators of new jobs are, and continue to be, SMEs. It is really alarming to see from the 2011 Small Business Act review that at national level, it is mostly the same limited number of Member States that are engaging seriously in implementing the SBA. An urgent task for the Member States is to review the SME financing schemes and administrative burdens, making their application and reporting procedures less bureaucratic. The EU’s good example in establishing the ‘only once’ principle, which would prevent public authorities and administrative bodies from requesting the same information on different occasions, should be applied unconditionally to ensure SMEs see a radical reduction of administrative bureaucracy. Also, improved and more efficient loan guarantee schemes should be made available for SMEs with no further delay. For the ‘SME test’ to be effectively implemented in every Member State, the EU should develop clear guidelines to ensure the quality and regularity of the test in question."@en1
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