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Wednesday, December 19, 2001

Results from the Industry Council

Research, Industry,

News The Industry Council met on 5 December 2001 to discuss the following issues: competitiveness and enterprise policy, the access to finance, the financing of coal and steel research, shipbuilding and sustainable development.

The council firstly acknowledged the low competitiveness of State Members, namely when confronted to the US, even though efforts are made. Four measures are proposed: the preparation of a regulatory reform action plan; restoring businesses' and consumers' confidence at EU or national level to recover economically; tax incentives should become top priorities to improve the European Research Area; using quantitative targets in enterprise policy. SMEs access to finance is not yet satisfactory, as far as the "Basel II" process (banks' capital adequacy) is concerned. However entrepreneurship becomes bigger in Europe. The Commission concluded that State Members need to develop innovation industries in order to create durable employment, in an economical and social point of view.

Source :  Press release - Commission - 06/12/01




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