Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-18-Speech-3-393-000"

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"Mr President, ladies and gentlemen, first of all, I should like to thank the Commission for its outstanding efforts to combat the crisis, although I have a few comments to make. First, Mr Barroso said that investment is a priority for growth, so we need to go further than pilot projects and launch a real European project-bond initiative. Second, we need the European Central Bank (ECB) to be a lender of last resort, and we especially need to take on board the warnings coming from the small and medium-sized enterprises (SMEs) in Europe that are calling for a commitment to fight the credit crunch, by means including the introduction of the SME supporting factor into the Basel review in order to support lending to businesses. We are not cutting the budget, Mr Barroso has assured us of that, because we can only work for the general good if every Member State does its bit. We should therefore eliminate some anachronistic rewards of position, such as the British rebate. To sum up, my thoughts go to Rome, the capital of Italy, because this evening, there will be a silent candlelight vigil in memory of the many entrepreneurs who have taken their own lives because of the crisis."@en1
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