Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-09-Speech-1-133"

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"Madam President, Commissioner, small and medium-sized enterprises have never been as important as they are today. SMEs are particularly important against the background of the economic and financial crisis, which was caused by the large rather than the small enterprises. SMEs are important because they too will soon be suffering, yet they are responsible for much of our economic performance. In the country I know best, SMEs account for 20% of all patents, 40% of all gross investment, 49% of total turnover, 70% of all workers and 80% of all trainees. What is needed now is a rethink. We must press the large reset button, as it were. We must promote entrepreneurial mindsets – this is what the Small Business Act stands for. I should like to congratulate Mrs Herczog on this report. It is indeed important that we now describe and regard SMEs as a cross-section, that we rethink support measures, that we give precedence to small enterprises in public tenders (‘Think Small First’) and that we prevent public authorities from intervening in competition. I congratulate you, therefore; what are needed now are tax cuts for labour-intensive sectors."@en1
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