Statement by Günter Verheugen on the small business act
End production: 25/06/2008 First transmission: 25/06/2008
The European Commission adopted on 25 June 2008 the Small Business Act for Europe whose main aim will be to set principles and concrete measures to improve the framework conditions for European Small and Medium Enterprises, while taking full account of their diversity. The goal is to eliminate all the remaining obstacles to EU SMEs’ prosperity. Günter Verheugen, Vice-President of the EC in charge of Enterprise and Industry, made a statement on the Small Business Act.
Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
||Günter Verheugen, Vice-President of the EC in charge of Enterprise and Industry
||Günter Verheugen (in ENGLISH) saying that European small and medium sized enterprises are responsible for the most important contribution to growth and employment in the European Union, but still the potential is not fully exploited; in the future we need higher growth rates and higher employment rates, and only small and medium sized enterprises can deliver; that is the reason why they have to facilitate and to improve the business environment for SMEs; what they want to do is to make Europe a world class environment for small and medium sized enterprises
||Günter Verheugen (in ENGLISH) saying that the Commission has adopted a so-called Small Business Act which is a whole bunch of policy actions, measures and principles; and what they are doing is to put into practice the so-called "think small first principle" and they expect Member States and the European institutions to take into account the specific needs and capacities of SMEs in every respect