Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-24-Speech-1-142-750"
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"en.20111024.15.1-142-750"2
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"Small and medium-sized enterprises (SMEs) account for 99% of all European businesses and provide jobs for more than 90 million people. These are the figures we need to use as a basis for a constructive debate, particularly in view of the recent economic crisis, which has resulted in the loss of some 3.25 million jobs in SMEs. It is also true that our enterprises have deeply rooted structural weaknesses. These include poor international exports, difficulties accessing credit and endemic European bureaucracy. To give just one example, it costs only EUR 694 to open a business in the US, whereas the average cost in Europe is EUR 2 285, and it takes two to three months to obtain a licence. We need to make this simpler. European businesses have to deal with excessive bureaucracy and administration costs every day, and this does not help them in their daily struggle to compete with China and the other emerging economies. This is why I hope that Europe can be made more competitive, through the creation of more favourable conditions for doing business that will boost the growth of SMEs, helping them overcome the issues that hinder their development, and through the promotion of an innovative and entrepreneurial mindset among young people."@en1
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