Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-12-14-Speech-1-169"

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"en.20091214.18.1-169"2
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"Madam President, ladies and gentlemen, the draft decision passed by the European Parliament and the Council establishing a European micro-financing instrument in the area of employment and social inclusion is, in essence, a draft which adapts the original Progress programme to the current economic reality of a Europe marked by the financial and economic crisis. The Commission is proposing support in the form of micro-credits for small enterprises, creating a stimulus for maintaining and developing employment in crisis-hit regions. If we wish to achieve this objective, however, we must ensure that the financial resources provided are not spent on social benefits or consumption. They must go only to sensible, sustainable business activities through the use of objectively measurable criteria and transparent procedures. It is therefore very important to require of the ultimate providers of the loans that they thoroughly assess the business plans of the applicants, the risks of the business projects submitted and also the return on the resources invested. I therefore consider it highly necessary to support and complete the amendments of the Committee on Economic and Monetary Affairs, which provide a sensible framework for the Commission’s proposal."@en1
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