Abstract
The European Commission’s proposals for the 2014–2020 legislative framework aim to increase the flexibility of the regulation, taking into account national and sectorial peculiarities; they further seek to improve the coherence and consistency between instruments, raise visibility and transparency and reduce the number of instruments in order to ensure a sufficient critical mass in a context where the amount of funding available is scattered across a large number of regions and recipients.1
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The enterprises surveyed operate in the following sectors: mining and quarrying; manufacturing; electricity; gas and water; construction; wholesale and retail business; hotels and restaurants; transport, storage and communication; real estate; rental and trade; education; health-care and other social services; other public, social and personal services. Source: European Commission (2013), 2013 SMEs’ access to finance survey — analytical report, http://ec.europa.eu/enterprise/policies/finance/files/2013-safe-analytical-report_en.pdf.
European Parliament (2006), Decision no. 1639/2006/CE of the European Parliament and of the Council of 24 October 2006 establishing a Competitiveness and Innovation Framework Programme (2007–2013), Official Journal of the European Union, http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2006:310:0015:0040:en:PDF.
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European Investment Bank (2008), “JESSICA — a new way of using EU funding to promote sustainable investments and growth in urban areas”, Luxembourg, http://www.eib.org/attachments/thematic/jessica_2008_it.pdf.
European Investment Bank (2012), “JASPERS — European Investment Bank”, Luxembourg, http://www.jaspers-europa-info.org/attachments/article/123/JASPERS%20brochure%202012.pdf.
Commission of the European Communities (2007), “Communication from the Commission to the Council, the European Parliament, the European Economic and Social Committee and the Committee of the Regions — a European initiative for the development of microcredit in support of growth and employment”, COM (2007) 708 final, http://eur-lex.europa.eu/legal- content/EN/TXT/PDF/?uri=CELEX:52007DC0708&qid=1403707249640&fro m=EN.
European Parliament, European Council (2013), Regulation (EU) no. 1287/2013 of the European Parliament and of the Council of 11 December 2013 establishing a Programme for the Competitiveness of Enterprises and small and medium-sized enterprises (COSME) (2014–2020) and repealing Decision no. 1639/2006/EC, Official Journal of the European Union, art. 5, http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32013R12 87&qid=1401115426118&from=IT.
European Parliament, European Council (2013), Regulation (EU) no 1287/2013 of the European Parliament and of the Council of 11 December 2013 establishing a Programme for the Competitiveness of Enterprises and small and medium-sized enterprises (COSME) (2014–2020) and repealing Decision no. 1639/2006/EC, Official Journal of the European Union, art. 18, p. 43, http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:3201 3R1287&qid=1401115426118&from=IT.
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© 2016 Francesco Minnetti , Pasqualina Porretta and Ervin Sinani
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Minnetti, F., Porretta, P., Sinani, E. (2016). Financial Crises and EU Credit Access Policy. In: Pes, G.N., Porretta, P. (eds) Microfinance, EU Structural Funds and Capacity Building for Managing Authorities. Palgrave Studies in Impact Finance. Palgrave Macmillan, London. https://doi.org/10.1057/9781137536020_1
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