Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-12-Speech-3-520-000"
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"en.20120912.27.3-520-000"2
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"Mr President, Commissioner, I would like to make it clear at the outset that we need more venture capital in Europe. After all, private capital investors are actively seeking out opportunities, for example in my home country, Hungary. At the same time I must also note that the managers and owners of enterprises often have a cautious attitude towards this form of financing. In order to support the most promising start-up enterprises, venture capital funds need to be enlarged and their investments diversified. I believe that the aim of the two proposals put forward today and of these two funds is precisely to facilitate the development of this budding market.
One of the reasons why I believe this is that on one hand, in the middle of the current crisis where lending to the real economy is on a decline, enterprises can have an extremely difficult time obtaining loans. On the other hand, I agree with the Commission that enterprises undertaking long-term investments and possessing venture capital are more successful than enterprises that are forced to rely on short-term bank financing. Thirdly, larger venture capital funds not only mean larger volumes of capital available to individual enterprises but also allow for specialisation in specific sectors. I am convinced that venture capital can help small and medium-sized enterprises increase their competitiveness. I am hopeful that we will be able reach an agreement at first reading, and I will, of course, support this with my vote."@en1
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