Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-02-11-Speech-4-137"
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"en.20100211.12.4-137"2
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"As Europe is experiencing a serious financial and economic crisis, which has brought about a serious social crisis with growing unemployment in all Member States, it is important for the EU to create effective mechanisms to combat the crisis and also to help those who are most affected, such as the unemployed.
The European microfinance facility was created for this reason, specifically to confront the challenges in terms of jobs. This facility would be funded with EUR 100 million, under its own heading in the 2010 Budget.
Consequently, the Commission proposal to reallocate money from the Progress programme, which targets vulnerable groups and application of the social agenda in the fight against discrimination, social exclusion, unemployment and gender inequality, appears to give the wrong signal, given the current outlook."@en1
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