Netherlands launches billion-euro small business fund - by Janene Van Jaarsveldt

Small and medium sized enterprises in the Netherlands now have a new opportunity to get a loan – the Netherlands Investment Institution has opened its Commercial Loan Fund, which has about 1 billion euros available to issue loans to SMEs.

Half of that money comes from six institutional investors – Aegon, ASR, Pension Fund Metal & Engineering, Pension Fund PGB, NN and the European Investment Fund, NOS reports. These investors contributed a total o 480 million euros. Banks contributed the other half. The Fund was established last year with the help of the Ministry of Economic Affairs. It aims to encourage investment in SMEs by bringing supply and demand of loans together.

According to the Netherlands Investment Institution, NLII, up until now there were a number of barriers standing in the way of SMEs getting loans. For example, the loans the companies need are too small to be of interest to institutional investors. Or banks being unable to approve a loan because they have too much money outstanding with a company or sector.

The NLII wants to resolve these problems by bundling the loans together, making it more attractive to institutional investors, and making half of the money come from the fund and half from the banks, giving banks more room to lend money. The fund gives loans of between 5 million and 25 million euros, with banks contributing an equal amount. The investors investing in the Fund receive a market interest rate on their investment.

“We are enabling entrepreneurs to make use of a new and additional funding channel worth about 1 billion euros. At the same time, institutional investors re getting a new opportunity to invest directly in the Dutch economy through the Commercial Loan Fund”, according to NLII director Loek Sibbing.

Read more: Netherlands launches billion-euro small business fund - NL Times

EU Economy: Digital single market for Europe

The strategy is the EU's plan to create a free and secure digital single market in which people can shop online across borders and businesses can sell across the EU wherever they are in the EU. It seeks to expand the EU's digital economy to offer consumers better services at better prices and to help businesses grow.      

The strategy, which was published by the Commission on 6 May 2015, has three objectives:

• making it easier for consumers and businesses to access online products and services across Europe
• improving conditions for digital networks and services to grow and thrive
• boosting the growth of the European digital economy

Read more: Digital single market for Europe - Consilium

Antimicrobial resistance - Compassion in World Farming

This briefing provides an overview of on-farm antibiotic usage in the UK. It outlines the steps taken by a number of other European countries to address and reduce antibiotic use in farming systems, and sets out three recommendations for the UK Government to take in order to address the growing public health crisis of antibiotic resistance.

The causal link between on-farm antibiotic administration and human resistance is widely acknowledged by organisations including the World Health Organisation and the European Food Standards Agency.

Read more: Antimicrobial resistance | Compassion in World Farming

Islam: A self-criticism of Islamic world by top Turkish official in Mecca - by Murat Yetkin

Today is the first day of the two biggest festivities of Islam, Eid al-Adha, the Feast of Sacrifice, also marking the completion of the annual pilgrimage around Kaaba in Mecca.

Leading Turkish pilgrims in Mecca this year, Mehmet Görmez, Turkey’s Religious Affairs (Diyanet) Director, delivered a khutbah (sermon) and a prayer there Sept. 23, on the eve of the festivities’ start.

Pleading for the mercy of God, Görmez said it was no one but Muslims who are responsible if there are those who think that this religion of God’s grace was a “religion of fear.”

Underlining that Muslims start every action in the name of God, Görmez said, “But [Muslims] failed to do our works with justice, mercy and love. We called violence as jihad, oppression as victory.”

Though there is no direct reference in his prayer, which could be counted as a self-criticism in the name of Muslims around the world, the words of Görmez came after a speech he delivered in Ankara on Aug. 17, when he condemned movements like al-Qaeda and Islamic State of Iraq and Levant (ISIL) as being of “terrorism” and all good Muslims should “unite against their deception.”

“This fact cannot be ignored as provocations of ‘exterior conspirators,’” Görmez continued. “We have to ask ourselves: ‘What have we done wrong that those provocations have found ground?’” That was a follow-up of a report by the Diyanet on Aug. 10, under the title “Aims, Activities and Islamic Understanding of the Terrorist Organization Daesh,” referring to ISIL by its Arabic initials.

The message of Görmez coincided with the reopening of the Central Mosque in Moscow by Russian President Vladimir Putin, which was joined by Turkish President Tayyip Erdoğan among political leaders from countries with Muslim populations.

At such a conjuncture, the self-criticism of Turkey’s top religious official is actually a strong criticism against radical movements using terrorism in the name of Islam. On this day of festivities, in different parts of world, they are actually Muslims of different sects and different shades of radicalism killing each other.

 Without drawing a thick red line between violence and politics in the name of jihad (whatever their root causes be), the political leaders in the Islamic world are likely to fail in their efforts to give an end to the current re-generation of violence in the name of faith.

Read more: A self-criticism of Islamic world by top Turkish official in Mecca - MURAT YETKİN

Saudi Arabia: 10 Reasons the EU should Oppose the Saudi Monarchy - by Medea Benjamin

During the discussion on the Iran nuclear deal, it has been strange to hear US politicians fiercely condemn Iranian human rights abuses while remaining silent about worse abuses by US ally Saudi Arabia. Not only is the Saudi regime repressive at home and abroad, but US weapons and US support for the regime make Americans complicit. So let's look at the regime the US government counts as its close friend.

1. Saudi Arabia is governed as an absolutist monarchy by a huge clan, the Saud family, and the throne passes from one king to another.The Cabinet is appointed by the king, and its policies have to be ratified by royal decree. Political parties are forbidden and there are no national elections.

2. Criticizing the monarchy, or defending human rights, can bring down severe and cruel punishments in addition to imprisonment. Ali al-Nimr was targeted and arrested at the age of 17 for protesting government corruption, and his since been sentenced to beheading and public crucifixion. Raif Badawi was sentenced to 10 years in prison and 1,000 lashes for writing a blog the government considered critical of its rule. Waleed Abulkhair is serving a 15-year sentence for his work as a human right attorney. New legislation effectively equates criticism of the government and other peaceful activities with terrorism.

The government tightly controls the domestic press, banning journalists and editors who publish articles deemed offensive to the religious establishment or the ruling authorities. Over 400,000 websites that are considered immoral or politically sensitive are blocked. A January 2011 law requires all blogs and websites, or anyone posting news or commentary online, to have a license from the Ministry of Information or face fines and/or the closure of the website..

3. Saudi Arabia has one of the highest execution rates in the world, killing scores of people each year for a range of offenses including adultery, apostasy, drug use and sorcery. The government has conducted over 100 beheadings this year alone, often in public squares.

4. Saudi women are second-class citizens. The religious police enforce a policy of gender segregation and often harass women, using physical punishment to enforce a strict dress code. Women need the approval of a male guardian to marry, travel, enroll in a university, or obtain a passport and they're prohibited from driving. According to interpretations of Sharia law, daughters generally receive half the inheritance awarded to their brothers, and the testimony of one man is equal to that of two women.

5. There is no freedom of religious. Islam is the official religion, and all Saudis are required by law to be Muslims. The government prohibits the public practice of any religion other than Islam and restricts the religious practices of the Shiite and Sufi Muslim minority sects. Although the government recognizes the right of non-Muslims to worship in private, it does not always respect this right in practice. The building of Shiite mosques is banned.


6. The Saudis export an extremist interpretation of Islam, Wahhabism, around the globe. Over the past three decades, Saudi Arabia spent $4 billion per year on mosques, madrassas, preachers, students, and textbooks to spread Wahhabism and anti-Western sentiment. Let's not forget that 15 of the 19 fanatical hijackers who carried out the 9/11 attacks were Saudis, as well as Osama bin Laden himself.

7. The country is built and runs thanks to foreigner laborers, but the more than six million foreign workers have virtually no legal protections. Coming from poor countries, many are lured to the kingdom under false pretenses and forced to endure dangerous working and living conditions. Female migrants employed in Saudi homes as domestic workers report regular physical, sexual, and emotional abuse.

8. The Saudis are funding terrorism worldwide. A Wikileaks-revealed 2009 cable quotes then-Secretary of State Hillary Clinton saying "Donors in Saudi Arabia constitute the most significant source of funding to Sunni terrorist groups worldwide....More needs to be done since Saudi Arabia remains a critical financial support base for al-Qaeda, the Taliban, Lashkar e-Tayyiba and other terrorist groups." In Syria the Saudis are supporting the most extreme sectarian forces and the thousands of volunteers who rally to their call. And while the Saudi government condemns ISIS, many experts, including 9/11 Commission Report lead author Bob Graham, believe that ISIL is a product of Saudi ideals, Saudi money and Saudi organizational support.

9. The Saudis have used their massive military apparatus to invade neighboring countries and quash democratic uprisings. In 2011, the Saudi military (using US tanks) rolled into neighboring Bahrain and brutally crushed that nation's budding pro-democracy movement. In 2015, the Saudis intervened in an internal conflict in Yemen, with a horrific bombing campaign (using American-made cluster munitions and F-15 fighter jets) that has killed and injured thousands of civilias. The conflict has created a severe humanitarian crisis affecting 80 percent of the Yemeni people.

10. The Saudis backed a coup in Egypt that killed over 1,000 people and saw over 40,000 political dissidents thrown into squalid prisons. While human rights activists the world over where condemning the brutal regime of Al Sisi, the Saudi government offered $5 billion to prop up the Egyptian coup leader.

The cozy US relationship with the Saudis has to do with oil, weapons sales and joint opposition to Iran. But with extremism spreading through the globe, a reduced US need for Saudi oil, and a thawing of US relations with Iran, now is the time to start calling for the US government to sever its ties with the Saudi monarchs.

Read more: 10 Reasonsthe EU  should Oppose the Saudi Monarchy | Medea Benjami

Dutch Health Insurance System too complicated and expensive say 58% of the Dutch

Most of the insured in the Netherlands are fed-up with the present health-care system. They find the system too complicated and too expensive.

 "It is like a jungle out there when you are trying to find out how the insurance system works and what is best for you and your family". "Lots of confusing choices make it very difficult to figure out”,said working mother.

Recently the marketing organization Pricewise reported that 58 percent of the people insured under the Dutch system today would rather prefer to go back to the old national health-care program if they had the choice.

The choices need to be made simpler, more limited, according to most of the people interviewed

Unfortunately, when the month of November rolls along again and insurance companies in the Netherlands mail out their annual multi-choice policies to customers, it will once again be as confusing as ever for  customers to figure out which company to choose from offering the best coverage for their family and budget.

 Insure-Digest

EU-We Should Not Be Afraid Of Refugees - it will pay off in the long-run by doing it right - by Angel Gurria

Europe is facing an historic moment. By the end of this year, the number of people applying for asylum in the European Union will exceed one million. The human cost of this refugee crisis is appalling. Yet, in all but a handful of cases, the response of Europe’s governments has been tentative, at best: acknowledging the need to do more, while fearing the implications.

Some politicians fear the burden that migrants will impose on local communities and taxpayers. Others fear extremists masquerading as genuine refugees. Above all, many are scared of public opinion, which – for all the heart-warming scenes of welcome and support for asylum-seekers – remains hesitant and even hostile to the prospect of still more migrants from war-torn, troubled countries, especially if they practice a different religion.

European leaders cannot afford to be afraid. The refugee crisis is not one from which they can opt out. No magic wand will empower leaders to transport more than a million people back across the Aegean and the Bosphorus to Mosul and Aleppo, or across the Mediterranean to Eritrea, Somalia, and Sudan.

The reintroduction of border controls and the construction of fences may buy time for over-stretched countries, but no one can seriously expect to keep out people who are so desperate to move. Given the dire conditions in the countries from which they are fleeing, perhaps half of the asylum-seekers will qualify for

residency under even the strictest rules. So, whatever the sensitivity or ambivalence of public opinion, European leaders will have to find a bold, coordinated, and unified response.

There are three challenges. The first is to agree on a fair allocation of refugees within Europe; despite their vast numbers, these desperate people must be provided with shelter, food, and support. This will be difficult enough.

The second challenge is to start the process of integrating refugees into Europe’s societies and economies. Some refugees will find it relatively easy to find jobs. A university-educated Syrian civil engineer arriving in Munich will need to learn some German; but, once this is done, he or she is unlikely to have to wait too long before employers come knocking. Other asylum-seekers have lower levels of education, and many may well be traumatized by their experience of war and exodus. It will take time and effort to integrate them

and many voters will be skeptical of the process, especially given that successful integration or assimilation will not come cheap.

However, paying the price to accept and integrate today’s asylum-seekers could reap significant benefits for the Europe of tomorrow. Our work at the OECD shows that migration, if well managed, can spur growth and innovation. Unfortunately, in the past, migration has not always been well managed: migrants have been concentrated in ghetto-like conditions, with few public services or employment prospects.

Note EU-Digest: this is a renewed opportunity for Europe to do migration right - we should not blow it this time. 

Read more: We Should Not Be Afraid Of Refugees » Social Europe