Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-25-Speech-3-176"
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"en.20090325.24.3-176"2
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"Madam President, I want to support the Mitchell report, particularly where the rapporteur states the need for greater cooperation between the two banks to ensure that there is no overlap in their operation. But in particular I want to welcome the increase in lending by 50% to SMEs. The EUR 5 billion that was initially announced is now set at EUR 7.5 billion each year for a four-year period. The EIB has signalled that more monies are available.
This is very good news for SMEs in Ireland because we can expect a EUR 300 million investment over the following weeks in SMEs. It is crucial that the money finds its way to SMEs – that was mentioned by an earlier speaker – and as soon as possible because they are struggling and many of them cannot wait."@en1
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