Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-04-12-Speech-3-263"
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"en.20000412.10.3-263"2
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".
Mr President, ladies and gentlemen, Commissioner, the Committee on Industry, External Trade, Research and Energy deplores the fact that the action plan for the financial markets does not take into account the problems which industry, small and medium-sized businesses in particular, is facing with regard to financing cross-border activities. Many businesses, ranging from small businesses in border areas to large multinationals, would like to treat their accounts as one national account. For example, they would like to use funds in their euro account in country A to settle an account in debit in country B. In this way, they would pay less interest. Existing legislation, however, prohibits or hinders this type of cash management technique. The world of banking has already driven this problem home to you on numerous occasions. On behalf of the Committee on Industry, External Trade, Research and Energy, I would now like to ask the Commissioner whether it would be possible to set up a forum group which carries out market research into the legal and fiscal obstacles for businesses, SMBs, in particular, when they finance their cross-border transactions within the euro zone, in order to solve this problem. I would appreciate a reply to this."@en1
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