Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-13-Speech-2-347-000"
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"en.20120313.17.2-347-000"2
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"Today, I have voted in favour of the resolution on the Statute for a European cooperative society with regard to the involvement of employees. It is good that we are focusing specifically on the subject of cooperatives in the European Parliament, as this is the International Year of Cooperatives. In the European Union, there are around 160 000 cooperatives, which are owned by more than a quarter of all Europeans and employ about 5.4 million people. In my home region of Bavaria alone, there are over 1 200 cooperatives and cooperative enterprises with more than 2.7 million members. Cooperatives are one of the cornerstones of our economy. Their achievements are even more obvious in times of crisis, because cooperatives involve taking joint responsibility. For example, during the financial crisis, cooperative banks demonstrated how sustainable and resilient they are as a result of their cooperative business model. They have not lost billions in the crisis like other banks. On the contrary, their balance sheets show an increase in revenue and growth. They provide 5.4 million high-quality, crisis-proof jobs throughout Europe. Cooperatives have their roots in the regions where they are located. They represent a model for the future, for our regions and for Europe. If we promote the cooperative model as part of EU development policy, we can make a contribution which will really help people, actively involve them and encourage them to be independent. We need more incentives for cooperatives."@en1
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