Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-12-14-Speech-1-175"
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"en.20091214.18.1-175"2
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"Madam President, Commissioner, ladies and gentlemen, I congratulate the rapporteur on the work that has been done in this report and on her speech just now.
This new microfinance facility will make it possible to grant micro-credit to small enterprises and people who have lost their jobs and who want to start up their own business and create their own jobs. That is very important at a time when the economic crisis is expected to result in the loss of 3.5 million jobs in the European Union alone.
With the economic downturn, the banks have stopped giving out loans for start-ups and job creation, and access to credit is more difficult at a time when it ought to be more accessible. This new microfinance scheme, however, will counter this current trend of restricting access to credit, by making it easier to obtain the funds needed to set up new businesses and create new jobs.
The Commission proposal is to reallocate EUR 100 million for this finance facility out of the Progress budget. We cannot agree with this proposal. The financial and economic crisis is also a social crisis. Diverting resources from Progress, which targets the most vulnerable groups, is certainly not the most appropriate solution. We are therefore in favour of creating a separate budget line to finance this facility, as well as increasing its appropriation to EUR 150 million.
We also agree with the need to make it clearer in the legislation itself that the target group is all vulnerable groups who are finding it difficult to enter or re-enter the labour market and who are facing the threat of social exclusion. The reference to specific groups should therefore be deleted.
To conclude, I would stress that it is essential that the people who receive financial support should also be given appropriate training."@en1
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