Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-06-11-Speech-2-273"
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"en.20020611.12.2-273"2
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". – As far as Basle II is concerned, thanks to the great attention paid to this issue by Parliament – and Mr Rübig in particular – the Commission is carefully following and participating in the preparations. Before any decisions are made, we will have open consultation with all the stakeholders so that nobody will be taken by surprise. The interests of European SMEs have indeed been communicated for inclusion in that preparatory work.
I fully agree with you that SMEs in general and tourism enterprises in particular, which often do not have much equity capital, are most vulnerable if borrowing or lending become too tight. We need to pay particular attention to that. The problem is that real banking activities are run in Member States by private financial institutions. Our scope is therefore limited."@en1
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