Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-22-Speech-2-442-500"
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"en.20120522.18.2-442-500"2
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"The financial and economic crisis hit Member States’ public finances, which was accompanied by a serious blow to the EU’s economic growth. Last year, the European Parliament adopted, along with the Council, a package of measures for tightening economic management, whose aim is to discipline countries and improve the management of their public finances. This unquestionably improves coordination and has a positive impact on the EU’s stability as a whole.
However, we saw that this was not sufficient for us to emerge from the crisis. Fiscal discipline needs to be accompanied by measures to stimulate growth and establish the preconditions for creating new jobs. In this regard, we must focus particular attention on small and medium-sized businesses which have been hard hit. However, the difficulty in accessing funding and the long-winded procedures are only some of the problems facing business nowadays. The financial instruments developed by the European Commission must play an important role in supporting SMEs. However, in order to make them effective, an adapted approach is required to include indicators for assessing the results, as well as greater transparency in terms of the programmes’ operation. In addition to this, the functioning of the single market needs to be improved and the administrative burden needs to be reduced, especially for SMEs."@en1
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