Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-10-Speech-3-997"
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"en.20100310.19.3-997"2
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"−
I voted against this proposal because it is liable, in the long run, to backfire on SMEs and, by reducing their access to credit, to deprive them of the conditions of transparency and of confidence that are indispensable to their management and to the dynamism of their activity. I do not believe that one can, on the one hand, request greater transparency from the banks by criticising them for the non-transparency of the financial markets, which led to the current crisis, and, on the other, seek to abolish the tools of transparency that are crucial to economic operators themselves and to the economic regulatory policies that we want to conduct at European level. Simplifying the accounting obligations for SMEs, and particularly for the smallest ones, remains an urgent requirement. The European Commission must urgently review the fourth and seventh Company Law Directives, which alone can provide a comprehensive, fair and consistent solution."@en1
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