Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-14-Speech-3-296-250"
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"en.20120314.22.3-296-250"2
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".
Studying this report has further increased my concerns about the unprecedented global crisis which has caused serious damage to economic growth and financial stability. The Basel directives need further discussion, particularly with regard to the bureaucratic obstacles faced by small and medium-sized enterprises (SMEs). In many countries in Europe, SMEs are still being held back, which makes economic recovery more difficult. We need to stimulate growth and job creation and take specific measures, including increased budgetary efforts, to promote competitiveness, innovation and SMEs, because the EU’s greatest economic potential lies with SMEs. Recent studies have shown that between 2002 and 2010, they created around 85% of all the new jobs in the EU. This demonstrates that they are the backbone of economic growth. Stepping up support for SMEs will also help to create jobs and increase vocational training opportunities, in particular, for young people. As the report does not put sufficient emphasis on SMEs, I have voted against it."@en1
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