Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-16-Speech-3-266-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-02-16"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"fr"^^xsd:language2
lpv:document identification number	"en.20110216.11.3-266-000"2
lpv:hasSubsequent	lp_eu:2011-02-16-Speech-3-267-0002
lpv:speaker	lp:Louis Michel2
lpv:spokenAs	member; Delegation to the Cariforum — EU Parliamentary Committee (2010-06-16--2014-06-30)3 unknown; Mouvement Réformateur (2009-07-14--2014-06-30)3 member_of_the_bureau; ALDE (2009-07-20--2014-06-30)3 member; LIBE (2009-07-16--2012-01-18)3 substitute; DEVE (2009-07-16--2012-01-18)3 co-president; Delegation to the ACP-EU Joint Parliamentary Assembly (2009-09-17--2014-06-30)3 member; Conference of Delegation Chairs (2009-09-17--2014-06-30)3
lpv:translated text	"Small and medium-sized enterprises make a fundamental contribution to growth and social cohesion and play a vital role in sustaining and increasing employment. However, SMEs’ limited ability to access finance is a major impediment to their creation and growth, and the current financial crisis has exacerbated this problem. Banks are increasingly reluctant to finance riskier business projects, innovative products or business transfers. We therefore need to strengthen the functioning of SME finance schemes, support the continued implementation of guarantee instruments and increase funding for innovative financial instruments. Enterprises must have better access to equity-based financial instruments. The complexity of financial regulations and administrative burdens also restrict the development of SMEs, and it is therefore important to remove any administrative barriers and propose simplified and less costly regulations and guidelines."@en1

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