Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-16-Speech-3-276-000"
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"en.20110216.11.3-276-000"2
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Small and medium-sized enterprises (SMEs) are an essential element of economic growth and job creation in the European Union (EU): they account for more than 100 million jobs, and play a crucial role in contributing to social cohesion. However, these companies’ access to financial credit and loans is limited, and the economic crisis has been exacerbating this situation, already made very complicated because of administrative burdens. I view an attempt to improve the way that SME finance systems work as broadly positive. I believe that such an attempt must include increasing the role of the European Investment Bank (EIB) in the loans scheme, as well as implementing the instruments that already exist within the Competitiveness and Innovation Programme, the Joint European Resources for Micro to Medium Enterprises (Jeremie) programme and the Joint Action to Support Microfinance Institutions in Europe (Jasmine) programme.
I also advocate simplifying SMEs’ access to the Structural Funds, particularly as regards guarantee schemes, so as to prevent their duplication. It will also be advisable to consider new and effective financial instruments for the next multiannual financial framework, for example joint instruments with the EIB."@en1
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