Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-12-15-Speech-2-099"
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"en.20091215.10.2-099"2
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"I am absolutely delighted that the vast majority of the European Parliament has today approved the report on the European Microfinance Facility for Employment and Social Inclusion. The planned micro-credit system can contribute significantly to the creation of social cohesion and new jobs, not to mention greatly help alleviate the harmful effects of the financial and economic crisis. During the global recession, it is particularly important to provide new opportunities for citizens who have been squeezed out of the labour market and the traditional credit market, and pave the way for stable, long-term self-employment. Furthermore, it is vital that a simple financial facility exists for those in disadvantaged regions intending to start up their own business and for the most vulnerable groups, which, in spite of the high risk, low margins and risk of default, helps businesses to start up and thrive. The overwhelming majority of employees in Europe are employed by micro-, small and medium-sized enterprises.
This is the reason why, in order to ensure that these companies do not lose, but actually increase their employment potential, suitable support must be provided to them which, in certain cases, is of such a small amount that the traditional banking sector is unable to provide such funds. During today’s vote, the European Parliament gave the clear message that the codecision procedure should be completed as soon as possible so that the microfinance facility may already be accessible from 2010."@en1
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