Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-02-04-Speech-1-119-000"
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"en.20130204.18.1-119-000"2
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"Mr President, the financial crisis has had a strong impact on SMEs, particularly in relation to accessing finance to fund business activities, which has become much harder. The Commission’s action plan outlines regulatory measures and solutions to improve access to finance for SMEs, and many colleagues in Parliament have added to this by putting forward further important points for consideration.
As rapporteur for the opinion of the Legal Affairs Committee, I raised several key points which I thought required further consideration, including the cross-border legal issues which SMEs face when trying to obtain finance in other Member States, the lack of availability of small loans, and even discrimination in access to finance.
Alternative finance, such as business angels, crowd-funding platforms and peer-to-peer lending can be one way forward for SMEs. However, there is a lack of coherence in European and national legislation, which means that the Commission and Member States are now required to put forward ways to tackle these difficulties. SMEs in Europe are very diverse. There is no one size that fits all, and any future regulatory framework should reflect this.
We should also continue to apply the ‘think small first’ principle and remember that SMEs are key to the economic recovery of Europe."@en1
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