A deep, complete and digital Single Market would allow firms to expand faster and achieve European scale, thereby increasing the return on innovation and capitalising on a large market. Second, for young firms to grow quickly, resources need to flow towards them. And since the new firms that create the most jobs are typically the most risky, access to early-stage financing is particularly important.
Toshihiko Fukui: Semiannual report on currency and monetary control Statement by Mr Toshihiko Fukui, Governor of the Bank of Japan, concerning the Bank's Semiannual Report on Currency and Monetary Control, before the Committee on Financial Affairs, House of Representatives, Tokyo, 16 June 2006.