Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-16-Speech-3-259-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-02-16"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20110216.11.3-259-000"2
lpv:hasSubsequent	lp_eu:2011-02-16-Speech-3-260-0002
lpv:speaker	lp:Louis Grech2
lpv:spoken text	"SMEs form an essential part of the backbone of the European economy and are the main drivers for job creation, economic growth, social cohesion and innovation in Europe. The participation and active role of SMEs are imperative for the advancement of the competitiveness of the single market. Following the financial crisis, it has become evident that the European financial markets are currently unable to provide SMEs with adequate finance mechanisms. Innovative and growth-oriented small businesses need to raise equity capital from external sources, because they either do not have their own financial resources or cannot access bank credit facilities. A more business-conducive environment for micro and craft enterprises should be supported through the promotion of high-quality support services, better legal and fiscal measures, and social protection for new entrepreneurs. More adequate and sustainable financial instruments should guarantee that SMEs have better access to capital. The Commission should redouble its efforts to remove red tape from existing EU support schemes and facilitate cross-border banking, by removing all existing obstacles to the usage of competing clearing and settlement systems and by applying common rules on trading. The Commission should conduct a comparative analysis of what is actually being made available to SMEs in the equity investment market and what their actual needs are."@en1
lpv:spokenAs	substitute; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2009-09-16--2013-03-12)3 substitute; Special committee on the policy challenges and budgetary resources for a sustainable European Union after 2013 (2010-06-17--2011-06-30)3 member; Delegation for relations with Australia and New Zealand (2009-09-16--2013-03-12)3 substitute; Delegation for relations with Albania, Bosnia and Herzegovina, Serbia, Montenegro and Kosovo (2009-09-16--2013-03-12)3 substitute; Delegation to the Euronest Parliamentary Assembly (2009-09-16--2013-03-12)3 unknown; Partit Laburista (2009-07-14--2013-03-12)3 member; S&D (2009-07-14--2013-03-12)3 substitute; BUDG (2009-07-16--2012-01-18)3 vice-chair; IMCO (2009-07-16--2012-01-18)3
lpv:unclassifiedMetadata	"Louis Grech (S&D ),"1 "in writing."1

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