Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-01-16-Speech-2-060"

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"Mr President, I would like to thank my colleague, Mr Bushill-Matthews, for the great expertise he has demonstrated in drafting this report. Although SMEs now employ two-thirds of the workforce in the whole of the European Union, there is still employment potential in the SME sector. Support and venture capital while a company is being set up are enormously important for the creation of jobs, as, according to certain studies, SMEs use as much as 80% to 90% of venture capital market resources in taking on staff. We must give SMEs that have potential for growth our strongest support, irrespective of what sector they operate in. More attention must also be paid to making it easier for companies to globalise, so that SMEs may take full advantage of the benefits brought by the internal market. Also great in this regard are the expectations connected with harmonising systems of guarantees and legislative reform regarding mortgages, which we are expecting in the Committee on Economic and Monetary Affairs. I fully agree with the rapporteur that the Commission should, in future, provide information more promptly on how this important initiative is progressing. In future, the Commission’s reports should contain feedback on the users of the fund so that defects in the system can be speedily rectified. Finally, I would like to focus attention on those legal provisions which aim to make it easier for bankrupt companies to begin trading again. Although these companies have proved to be a risk once, that does not mean that the same thing will happen in the future. Bankrupt companies should rather be viewed as a resource for Europe, which we should not fail to exploit. I would also like to stress how important small businesses are for competitiveness with regard to Europe’s big companies. Small companies often work as subcontractors for our European mammoth organisations, and, as a result, the position of small businesses is more important than ever for competitiveness throughout Europe."@en1

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