1. Stresses that Parliament's reading of the 2016 budget fully reflects the political priorities adopted by an overwhelming majority in its abovementioned resolutions of 11 March 2015 on general guidelines and of 8 July 2015 on a mandate for the trilogue; recalls that those consist in internal and external solidarity, in particular an effective tackling of the migration and refugee crisis, as well as in boosting competitiveness through the creation of decent and quality employment and the development of enterprises and entrepreneurship across the Union (the “three Es”);

The tremendous financial lever of the European asset-management industry (EUR 7 000 billion in 2009) should be used to promote the development of businesses which have chosen – above and beyond the legitimate quest for financial gain – to pursue objectives of general interest or relating to social, ethical or environmental development.

Market failures affecting SMEs in general, including difficulties of access to finance, result in even greater obstacles to the development of small enterprises as compared to medium-sized enterprises.

The governing board also appointed the director, the chief executive officer of the joint undertaking.

13. Is concerned that the current trend to expose company directors, particularly non-executive ones, to new liabilities and litigation may discourage the growth and development of new and potentially successful enterprises;

As to the second question on using the national emergencies clause as a basis for opening up for some of the elements in the TRIPS Agreement, have been sending a clear signal to our partners in the developing world that the Commission is interested in supporting their efforts to find and use the most flexible interpretation of the Agreement and we have also stated – as we did at a joint meeting with the CEOs of the major pharmaceutical companies that Pascal Lamy and myself attended – that we see a need to check the existing agreement, so as to ensure that the interpretation is good enough to facilitate better use of these possibilities i ...[+++]n developing countries.