Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-12-03-Speech-3-189"

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"en.20081203.16.3-189"2
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". The more than 23 million small and medium-sized companies are rightly described as the economic backbone of the European Union. Despite their significance, SMEs cannot yet take full advantage of the internal market and in particular face bureaucratic difficulties. The Small Business Act is an important step in making SMEs more competitive and giving them the opportunity to realise their potential. The success of the ‘better law-making’ principle is not the only decisive factor here. In small and medium-sized businesses, awareness of the opportunities of European integration must also be strengthened. The Exchange Programme for Entrepreneurs is a good approach in this connection. The financial measures in the Small Business Act are particularly important for the promotion of SMEs. In the light of the current difficult economic situation, it is a must that SMEs retain their employees. Simplifications in procurement, the combating of late payment or facilities for borrowing and setting up new companies are efficient instruments in this connection. Overall, the Small Business Act protects the mature European corporate structure and makes European SMEs fit for competition on international markets."@en1

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