Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-11-12-Speech-4-124"
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"en.20091112.17.4-124"2
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"Ladies and gentlemen, in the current global economic downturn, simple financial instruments that are able to fund businesses, especially in underdeveloped regions or for such social groups, assume particular importance. The microcredit system operating in numerous countries and on several continents has also proved that with the provision of appropriate training and monitoring, this system can offer assistance to the most vulnerable groups who are forced to face grave difficulties on the labour market. The Progress Microfinance Facility proposed by the European Commission is an extremely important initiative which may be able to fulfil this role in reintegrating those groups affected by social exclusion. However, until the codecision process between the Commission and the European Parliament is up and running and the budget for the microfinance facility is completely clear, it would be a sensible idea for the European Commission to withdraw its proposal concerning the Progress annual plan of work for 2010 and not present the colegislators with a fait accompli. This means that once the codecision process is over, the European Parliament could make a free, responsible decision on this vital issue."@en1
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