Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-12-11-Speech-2-235-250"
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"en.20121211.27.2-235-250"2
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"The principal reason for the crisis in SMEs is the decline in domestic demand brought about by the recession, worsened by the implementation of austerity policies. Tapping into a global market is not a realistic solution for the vast majority of SMEs, and the global nature of the recession makes it even less viable.
The real way to maintain jobs in SMEs is through ending austerity policies and redeveloping the economy through public investment and public works programmes which would stimulate demand in the economy and therefore assist SMEs. Access to credit is a huge problem for SMEs and MSMEs. Despite the nationalisation of large chunks of the banking sector, the banking system is still run on the basis of profit; banks are therefore concentrating on strengthening their balance sheets and are cutting back on lending. Instead the banks should be run in the interests of ordinary people, including small businesses, and provide credit to these businesses.
This report does not sufficiently highlight the central role of austerity policies in the crisis facing SMEs, but rather supports the idea that companies and economies need to become more competitive and export their way out of the crisis. The report also supports PPPs; for these reasons I voted against the report."@en1
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