Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-22-Speech-2-057-937"
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"en.20120522.4.2-057-937"2
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"(
) For many years now, the European Union has advocated, at least on paper, subsidising small and medium-sized enterprises (SMEs). In practice, SMEs are still faced with significant bureaucratic obstacles. While large organisations can afford to hire experts to help them to take advantage of all the loopholes, over-regulation is thwarting small companies at every turn, taking up much of their time and money and, as a result, slowing down economic activity. In particular, the increasingly stringent regulations imposed by the Basel Committee on Banking Supervision have been draining the financial lifeblood from SMEs, which are already under-capitalised. In addition, these companies have been hard hit by the slowdown in economic growth caused by the sovereign debt crisis. Against the background of the global recession, the business climate for SMEs has deteriorated. It is still easy for large companies to access subsidies, while medium-sized businesses are almost reduced to begging. If 99% of European businesses, which are also the largest employers, have access to only 10 to 15% of European funding, it is high time that the EU’s system of subsidising large companies and multinationals is changed, by renationalising the subsidy system. In addition, tendering processes and public procurement must finally be made more SME-friendly."@en1
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"DE"1
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