Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-10-22-Speech-3-264"
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"en.20031022.10.3-264"2
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"Mr President, Mr Langen has done European enterprise a great service in his report. He will have my full support, but what we need most of all, if Europe is to provide the environment which will foster entrepreneurship, is a complete change in attitudes to success and to failure.
In America, the down-and-out who passes by the tycoon's lavish mansion will aspire to match him. In Europe he would probably pass snide comments or call on the government to tax him out of business. Envy and disparagement are the enemy of success and of a successful enterprise economy.
In America, the entrepreneur who fails will be given credit for trying and gaining experience for the next time. The bankrupt will be helped to recover his self-esteem and the determination to try again. In Europe, he would be abandoned in legal and financial limbo. He will be pilloried and shamed, his chances of a second try constrained.
Seldom will the innovator, the inventor or the enterprising individual possess all the necessary financial means and business skills which are necessary for full and enduring success. This is where the business angel, the friendly adviser, the non-executive director become essential.
That is why I am particularly pleased that paragraph 34 of Mr Langen's report highlights the role of business angels. That is why I ask the whole of Parliament for its support for Amendment 7, which expresses our concern at the tendency to persecute non-executive directors who are such an essential ingredient in a successful enterprise.
Let us be forgiving of honest failure. Let us encourage that first try, that second try, the will to keep on trying. Let us praise success and be pleased to see the rewards of success in our most enterprising fellow citizens. Only then will we achieve a true enterprise culture in Europe."@en1
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