Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-24-Speech-1-142-500"
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"en.20111024.15.1-142-500"2
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"One third of SMEs in Romania posted poorer results in 2010 than in the previous year, while representatives of two thirds of SMEs in Romania regard the general economic climate as hostile. One of the main causes of the decline in this sector is the drop in domestic demand due to the fall in consumption by the population. The Romanian Government’s austerity policy is tantamount to stopping the engine of a car on a slope to save petrol. However, we are facing the risk of the brakes turning out to be faulty and of disaster being closer than the fanatics imposing excessive taxation and appalling reductions in sources of income for the population may realise. Inflation, delays in the payment of invoices by the state, and the high cost of credit are another few obstacles hindering SMEs’ development. This is the reality we face in many EU Member States even though SMEs have been placed at the heart of the Lisbon strategy for growth and jobs since 2005. Against this background, a joint programme is required to encourage the entrepreneurial spirit at a time when private initiative can come to the rescue of investors who have gone bankrupt and of workers who have lost their jobs due to the economic crisis."@en1
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