Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-13-Speech-2-355-000"

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"en.20120313.17.2-355-000"2
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"Cooperative enterprises, by their nature, are structurally linked to the area in which they are based and therefore play an important part in accelerating local development and genuine social, economic and territorial cohesion. In addition to the capacity of social cooperatives to build unity and solidarity, cooperative banks have shown high levels of sustainability and resilience during the financial crisis, thanks to their cooperative business model. In fact, they increased turnover and growth during the crisis, with fewer bankruptcies and redundancies This vote affirms that cooperatives deserve strong recognition and support, as provided for in the constitutions of some Member States and various key EU documents. We particularly welcome the fact that employee participation provisions are considered a core element in European cooperative societies."@en1

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