Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-12-14-Speech-1-170"

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"en.20091214.18.1-170"2
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"Madam President, Commissioner, ladies and gentlemen, it seems strange that there should be opposition to this excellent and important programme in this House, given the worsening employment situation. The prediction is that there will be another 10 million unemployed people in Europe next year and that those with poorer labour status will face tougher times ahead. This data underlines the importance of investing in entrepreneurship. It is always companies just starting up that have the biggest problems getting bank loans. For example, over 93% of companies in Finland are micro-enterprises with fewer than 10 staff, and yet these small companies employ 46% of the working population. It is only right, therefore, that the EU should establish a microfinance facility in response to this employment crisis and, in that way, also lend support to those programmes in the individual Member States which pursue the same objective. I wish like to stress, however, that this programme will require a comprehensive approach. The social benefit, holiday and pension systems in small companies also need to be developed in line with other sectors. Europe is especially lacking in high-risk funding and those individuals, the business angels, who are prepared to invest in a company in its early stages. Entrepreneurship education and connections to work and employment should also be supported at all levels of education, and there should be more young people’s workshops and business incubators and more funds available for them. Microfinance can only work as a component of this sort of comprehensive approach, in which the situation of new small entrepreneurs and the whole environment in which they operate is one that provides real opportunities to continue in business successfully and profitably."@en1
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