"Secondly, the single market must also take care of the needs of small business. They play a crucial part in innovation and job creation. More than ever, our priority in 2009 must be to improve and ease the environment to help firms – and in particular SMEs – to cope with the deepening recession. Several reform proposals are on the table of the Council right now and can yield large cost-savings for companies quickly. The Commission’s proposal on a simple, single European private company statute of June 2008 must be mentioned, as well as the Community patent and the proposal for a unified patent jurisdiction. The EU will table a proposal to give Member State an option to exempt micro-entities from the accounting rules. All these proposals can save SMEs large amounts of money. But time is of the essence. Member States must now cast aside vested interests and national vanities and reach agreement."