Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-11-12-Speech-4-121"
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"en.20091112.17.4-121"2
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"The purpose of the Commission proposal is to create a new European Microfinance Facility for Employment, which will give unemployed people the chance to make a fresh start and will pave the way for some of the most disadvantaged groups in Europe, including young people, to start their own businesses. This facility will extend the range of financial support aimed specifically at new entrepreneurs in the current context of tighter credit. I cannot, however, agree with the Commission’s proposal to reallocate part of the budget (EUR 100 million) from Progress – a Community Programme For Employment And Social Solidarity – to the European Microfinance Facility. Reallocating sums from Progress would send out the wrong signal, since Progress targets the most vulnerable social groups. The European Microfinance Facility needs to have a separate budget line."@en1
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