Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-16-Speech-3-260-000"

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"en.20110216.11.3-260-000"2
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"I voted in favour of this document, because 23 million small and medium-sized enterprises (SMEs), which account for around 99% of all businesses in the EU and provide over 100 million jobs, make a fundamental contribution to economic growth, social cohesion and job creation, are a major source of innovation and play a vital role in sustaining and increasing employment. However, the limited ability of SMEs to access finance is a major impediment to their creation and growth, and the current financial and economic crisis has exacerbated this problem. The banking sector is asking for more collateral and higher risk premiums, both requirements resulting in insufficient financing and missed business and employment opportunities in this particularly large sector of the economy. The availability of credit and loan guarantee schemes are crucial to exploiting the growth and job potential offered by SMEs. I agree that we must make every effort to ensure that existing financing facilities are effectively implemented both at national and EU levels, simplifying administrative procedures and making it easier to use the Structural Funds."@en1

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