Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-14-Speech-1-157-000"
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"en.20110214.16.1-157-000"2
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"It is good to see that the European Commission is dealing with the reviewal of EU resources to support small and medium-sized enterprises (SMEs), especially given the following programming period. However, it must be said that SMEs have required additional help over the last two and a half years in particular, because many of them have had liquidity problems due to the recession. To put it plainly, the banks refused to give loans to SMEs, or did so with extremely high interest rates, which further aggravated the situation of those enterprises. Both in Estonia and in the European Union as a whole, SMEs account for 99% of all businesses, and micro-enterprises account for 83% of all businesses in Estonia and approximately 92% of all businesses in the EU in total. For this reason, it is important that financial means should be available for this particular majority, especially during difficult crisis years. I sincerely hope that both the European Union and SMEs will shortly set the economy on an upward curve and that we will be better prepared for any future crisis. The current economic crisis, preceded by the financial crisis, was greatly amplified by the decreased liquidity of SMEs as a result of the position of the banks in the economic crisis. Over two thirds of business people work in SMEs and two thirds of additional revenue is created by these businesses. This must not be forgotten, and we must therefore stand up for the wellbeing of these enterprises."@en1
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