Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-22-Speech-2-029-000"

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"Mr President, small and medium-sized enterprises have indeed been the hardest hit by the present crisis. A large percentage of the unemployed used to work in such enterprises; at the same time, owners of such enterprises lose their job, which is often overlooked in the unemployment rates. Today, we have a dual problem, because small and medium-sized enterprises are unable to access either loans or financing under European programmes. It is a fact that, currently, 80% of loan applications by small and medium-sized enterprises are turned down in Greece. This means that there is no money either to take action or to import raw materials or products and they end up going under. On the other hand, the current terms of access to European financing do not allow small and medium-sized enterprises to take action, because they need to spend the capital first, because VAT is not eligible and because, in the end, they have to wait a long time to get back the money they have spent. That is impossible if they go under. We therefore need to change, so that we can put what the Commissioner said into practice. Every small and medium-sized enterprise needs to take on one young person and we need to combine financing for small and medium-sized enterprises with financing to address youth unemployment, so that these targets can be attained."@en1
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