Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-24-Speech-2-322"
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"en.20090324.26.2-322"2
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"The success of micro-credits in reducing poverty in developing countries, particularly in Southern Asia and Latin America, has not yet taken hold in the EU. However, the need for micro-credits is great, especially among people unable to take out loans in the traditional banking sector. Micro-credits as a business differ from traditional banking. They are granted not just on financial grounds, and not simply for profit, but also help promote cohesion by attempting to integrate people who find themselves in unfavourable circumstances, and want to set up a micro-enterprise.
A successful European initiative to develop micro-credits could help to achieve the aims of the renewed Lisbon Strategy for growth and employment and help to make the European economy more innovative, creative and dynamic. In particular, they can help to implement the priority of releasing economic potential by supporting integration, or repeated social and economic integration of people through self-employment.
That is why I support the motion of the rapporteur, who is asking us to adopt appropriate national institutional, legal and commercial frameworks to promote a more favourable environment for the development of micro-credits and to establish a harmonised European framework for non-banking micro-finance institutions."@en1
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