Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-24-Speech-1-121-000"

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"en.20111024.15.1-121-000"2
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"Mr President, the SME sector is the central pillar of the Irish and the European economy. In Ireland, approximately one quarter of a million SMEs employ over 800 000, contributing massively to tax income and social insurances. The sector provides sustainable and long-term employment in many towns and villages throughout my constituency in the north-west of Ireland. The cost and availability of credit remains the single biggest obstacle facing this sector, this despite the taxpayer support received by the Irish banking sector. As a result, many viable businesses are struggling to maintain employment levels through the recession. In addition, reference has been made to red tape and bureaucracy. It continues to hinder the creation of jobs and must be addressed at European level. I would remind the House, and remind the Commissioner, that President Barroso gave a commitment in his State of the Union address here last year that red tape would be reduced and it would save billions. I have yet to see the effect of this. The SME sector is the engine of the European economy. However, we must provide support by implementing policies to ensure an economic atmosphere conducive to investment and economic growth."@en1
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