Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-18-Speech-2-508"

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"I want to congratulate the Commissioner on progress achieved. However, Commissioner, you talked about one of the major problems as being access to capital, and you mentioned the European Investment Bank. It has distributed funds to Irish banks to distribute on to SMEs. However, a considerable amount is not being distributed, mainly because of the mismatch between the needs of SMEs – refinancing of some sort – and the European Investment Bank objective, which is money for medium-term investment. So I want to ask you if you agree that some measures need to be put in place for SMEs which will require refinancing, and what role the Commission could play. Furthermore, would you favour some kind of enterprise guarantee scheme, similar to what is in the UK?"@en1
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