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Extracts from the joint press conference by Günter Verheugen, Charlie McCreevy and Philippe Maystadt, President of the European Investment Bank, on the Small Business Act
At a press conference on 25 June 2008 in Brussels, Günter Verheugen, Vice-President of the EC in charge of Enterprise and Industry, accompanied by Charlie McCreevy, Member of the EC in charge of Internal Market and Services, and by Philippe Maystadt, President of the European Investment Bank, unveiled the Small Business Act for Europe (SBA), based on ten guiding principles and policy actions to be undertaken by both the Commission and Member States to boost entrepreneurship in Europe. Most jobs in the EU are provided for by Small and Medium Sized Enterprises (SMEs), companies of 250 employees or less. They have a crucial importance for the future development, but very often face enormous bureaucratic hurdles and obstacles. European SMEs deserve to be better assisted to fully unlock their potential of long term sustainable growth and of more job creation. SHOTLISTLINK