Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-12-14-Speech-1-179"
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"en.20091214.18.1-179"2
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"Madam President, the mere fact that the European Microfinance Facility for Employment and Social Integration won the consent and agreement of all the political groups proves how necessary this mechanism is.
It is very important that a person who has lost his job or is in danger of losing it and cannot find a solution to his problem on the conventional banking markets is able to obtain a micro-loan or micro-credit.
However, in order for the idea of microfinance to work in practice, it needs to operate properly and it needs to operate soon, meaning that on Thursday, when we vote on the 2010 budget, we need to say ‘yes’ to the first EUR 25 million which will come out of the budget. However, that is not enough. There is another EUR 75 million which I think needs to be found from the budget because, if we take the money from the Progress programme, then it is very simply as if we were taking from the less poor and vulnerable in order to give it to the more poor and vulnerable.
If this were to happen, it would mean that the mechanism of micro funding had essentially been abolished as a concept. If we bear in mind that ‘Progress’ fundamentally means progress in taking the social face of Europe forward, and if this does not happen and the money is taken out of ‘Progress’, then we have regressed. That is precisely why I believe that the Council should approve the European Parliament's position."@en1
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