Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-16-Speech-3-152-000"

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"Mr President, it is necessary to evaluate and review existing instruments to support the financing of small and medium-sized enterprises in view of the next multiannual financial framework if we wish to focus on promoting the recovery of the real economy in this and other sectors in order to overcome the crisis once and for all. This need is also imposed by the protection of small and medium-sized enterprises’ interests if – as Basel III proposes – higher equity capital requirements are established for banks. It is also required by the situation of many financial intermediaries, who are deterred by the administrative burdens created by complex European financial regulations, and it is influenced by the difficulties created by different tax and support systems. It is prompted by a requirement to make European Union support programmes consistent in order to provide better guarantees and a good balance between national and EU schemes. I therefore support the proposal to establish a one-stop shop for the various EU financing instruments aimed at SMEs. Simplifying bidding and procedures for access to markets is an important means of support even if it proves necessary to increase funding. Massive sums have been spent to save careless banks: I feel that spending on 23 million small and medium-sized enterprises can only be an asset."@en1
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