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Speech at the ECOFIN Informal Meeting in Vilnius

(13 September 2013)

Speech at the ECOFIN Informal Meeting in Vilnius

Today Commissioner Hahn adressed the EU Ministers for Economy and Finance at the ECOFIN infomal meeting in Vilnius on the EU's proposed SME initiative. This is intended to provide extra support in terms of financing for Small and Medium-sized Enterprises in order to contribute to recovery in the EU.

The Commissioner, alongside with Commission Vice-President Olli Rehn gave to the Ministers a perspective on the initiative in context of Regional Policy – structural funds already provide more than 70 billion euros in direct support , including through financial instruments, to SME. In the next period , by making SMEs one of the key 4 sectors to invest in, that contribution could double. Speech