Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-08-Speech-2-694-000"
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"en.20110308.30.2-694-000"2
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"Madam President, I am pleased to note that there are several mentions in the report on industrial policy of the key importance small and medium-sized enterprises have with regard to European industry, European employees, and the present and future of us all. From now on, the facilitation of the operation of SMEs should be a priority in all documents and all subjects. These small companies create the majority of jobs, and have the highest capacity to reinvent themselves and take the greatest role in innovation and preventing the European economy from falling even further behind. Quite importantly, they pay the largest share of taxes into our budgets, meaning that it is largely they who sustain bureaucratic administrations. In return, bureaucracy, together with bankocracy, has created a legal institutional and economic environment which intends to make the operation of SMEs impossible. This short-sighted practice, which serves the profit-mongering of multinational companies, cannot go on any longer.
The report is correct in stating that speculation on the financial markets must be prevented, but at this point, we need to do more than that. Express penalties should be imposed on those banks that do not facilitate the supply of funds to SMEs through their credit policies. The report also makes a passing reference to the fact that in the new Member States, industry is losing ground, and that the EU must find the means to halt unfair practices by large companies. We must state openly that over the past years, multinational companies of the old Member States, with the assistance of EU bureaucracy, bought out and ruined the majority of the manufacturing industries of the new Member States, and then bankrupted the companies operating there and took over their markets. The result is millions of people without a job and a future outlook, profits easily acquired in the east, and sizeable tax revenues in the west. Also, with the assistance of bureaucracy, much of the technology accumulated in Europe has unfortunately been transferred to China."@en1
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