Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-24-Speech-1-117-000"
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"en.20111024.15.1-117-000"2
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"Mr President, ladies and gentlemen, I will talk about the area I know best, northern Italy. The most important issue for our small and medium-sized enterprises (SMEs) at the moment is access to credit; it is far more important than excessive red tape, the tax burden or international competition, particularly from China.
The banks are being forced to recapitalise and get rid of the debts caused by their financial speculation, and so they are not granting any more credit to SMEs, which are too small to have their own capital resources or to provide guarantees. Small businesses are therefore unable to contribute to the country’s economic recovery, even if they are willing to do so.
It is therefore essential to expand credit schemes of various kinds in favour of SMEs and to improve information about the availability of the financial instruments at their disposal, the Structural Funds in particular. Without money, there is no research, no equipment renewal and no possibility of investing, and therefore it is impossible to contribute to the country’s wellbeing."@en1
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