Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-10-Speech-3-180"

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"en.20101110.17.3-180"2
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"Mr President, of the Commission’s 50 targets in the Single Market Act communication, I counted 13 which concern my work in the Parliament’s ECON committee, but all 50 concern my constituency and the people I was elected to represent. Fundamentally, many of these EU projects, if done well, will be hugely positive for all of my constituents in Wales. Specifically, SMEs are crucial to the Welsh economy and to Europe as a whole. Therefore, I welcome the proposals with regard both to accessing finance via the capital markets and to ensuring that the venture capital funds set up in any Member State can operate and invest freely in the companies in the EU. Mario Monti was clear in his recent work that the single market had stalled. We need to reenergise the process and, in that way, remind our constituents that the EU does not just bring regulation and red tape at a huge cost, but should, and can actually bring tangible benefits for businesses and trade as well as consumers and individuals. This is where the real added value of the EU lies."@en1
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