Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-13-Speech-4-257-000"

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"en.20120913.29.4-257-000"2
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"This regulation aims to direct funds towards the social economy. It is far from satisfactory. Its near total resemblance to the regulation on venture capital funds speaks volumes about the importance of the social economy in the eyes of the Commission. The few safeguards that Parliament is proposing are still too weak. The possibility that Parliament could use these funds to finance undertakings which finance or support social economy enterprises, but which are not social undertakings themselves, makes one fear that things could drift off course. Likewise, the possibility for any fund to register and conduct their activities anywhere in the European Union without needing to obtain prior authorisation paves the way for the usual abuses. I do not want to hinder the development of the social economy. However, I condemn the abuses made possible by this regulation. I therefore abstained."@en1

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