Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-14-Speech-1-157-500"
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"en.20110214.16.1-157-500"2
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"I am very pleased with the motion for a resolution and the debate on the revision of EU instruments to support SME finance. Support for SMEs is important because these firms are important for the present and future of Europe. SMEs are of key significance for maintaining our competitiveness, for recovery from the crisis, for creating new jobs and for increasing innovativeness in the European economy. We do need to support SME finance, but the European Union can and should also take other steps to support this sector. I refer to the need to reduce administrative and bureaucratic burdens. SMEs must be able to operate without hindrance and to act quickly. In the United States, there are places where starting a business takes 10 minutes. If we want to use Europeans’ entrepreneurial potential, we have to make it easier for them to carry out their business and to free the European market from the restrictions which mean, today, that we are not making use of all opportunities for development. SMEs represent an economic model which is very effective in and beneficial to social development. Most poor and developing countries do not have this sector, or it is very weak there. This is indirect evidence of the great significance of this sector for the entire economy and the quality of life in particular countries. Thank you."@en1
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