"Appropriate finance facilities for businesses are a key prerequisite for economic growth". The 1st European Microfinance Day (EMD) on 19 and 20 Oct 2015 was co-organised by the EESC to raise awareness of microfinance as a tool to fight social exclusion and unemployment in Europe. In the presence of Her Majesty Queen Mathilde of Belgium and Commissioner Marianne Thyssen, the President of the EESC´s ECO Section for Economic and Monetary Union and Economic and Social Cohesion, Mr Joost van Iersel, underlined the importance in the EU of strengthening competitiveness, sustainable development and social inclusion.