Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-10-25-Speech-4-205"
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"en.20071025.28.4-205"2
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"Mr President, the European private company statute has regularly been on the agenda of the European Parliament and also, as you know, on that of its Committee on Legal Affairs. Various arguments presented during these debates have demonstrated that a statute for European private companies may bring benefits to small and medium-sized companies, and there has also been support for the idea of a stakeholder consultation.
The Commission recognises that the regulatory framework needs to be adapted to allow SMEs to make the most of increasingly integrated European markets. We need to make it easier and cheaper for small and medium-sized companies to conduct cross-border business. It is important to take action that will help those firms to fully reap the benefits of the single market.
The growth of small and medium-sized businesses is crucial, as we all know, for the competitiveness of the European economy, and the Commission can see that a European private company statute could facilitate the expansion of small businesses beyond national borders. Therefore, by providing an option, it would create more choice for companies, without imposing any additional burdens.
It could well reduce the compliance costs for firms that wish to operate in several Member States. If this can be achieved, SMEs could have easier access to new markets. The Commission is therefore aware of the importance of the European private company statute to the Member States of the European Union and to European businesses.
I can assure you that my colleague, Commissioner McCreevy, will proceed with a legislative proposal for a European private company statute, as he declared to the Legal Affairs Committee on 3 October 2007. This proposal should be ready by mid-2008 at the latest. As you know, we are currently conducting further consultations on the exact form and content of the proposal, the results of which will then be incorporated into the impact assessment to be completed in the first months of next year. My colleague Mr McCreevy will be very happy to have a continued dialogue with you once this proposal is on the table."@en1
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