Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-14-Speech-1-140-000"
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"en.20110214.16.1-140-000"2
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"Mr President, the ‘Think Small First’ principle, which forms the basis of the European Commission’s policies on entrepreneurship, is important. We must not forget that two thirds of jobs in the European Union are created by SMEs. However, in the current crisis, SMEs are having difficulty in accessing loans as banks regard them as risky ventures. Indeed, the promotion of public guarantee schemes in Member States and the provision of access to the guarantees offered by the European Investment Bank group in order to ease the financing restrictions need to be monitored.
We also notice difficulties in providing information about the terms for allocating funds and, in certain cases, even the lack of administrative capacity required locally to mediate access to loans.
During the 2014-2020 period, the European Commission must focus on greater transparency in relations between financiers and business and on access to consultancy services for providing information about the lending platforms and terms available to SMEs. At the same time, it is the European Investment Bank’s duty, as an advocate of EU policies, to offer technical assistance to national and local administrations in order to make it simpler for entrepreneurs to access financing."@en1
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