Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-13-Speech-4-161-000"
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"en.20120913.29.4-161-000"2
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"Mr President, I voted for this report, which I regard as being of paramount importance, because it stipulates for the first time a regulation on the European Social Entrepreneurship Fund. After the Commission’s statement launching this fund as part of the innovation project, I think that, given the social vulnerabilities in the European Union, it is time for this fund to address the needs of practically almost everyone and not only of vulnerable, excluded and socially disadvantaged people, but of other people too.
However, I believe that the regulation ought to have encouraged cross-border cooperation in the use of the fund. With regard to the rules on using the profits, they ought to have been made much clearer because, in the spirit of social investment in social undertakings, I believe that profits need to be reinvested for the same purpose as initial capital."@en1
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