Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-04-05-Speech-2-092-000"
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"en.20110405.3.2-092-000"2
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"Much has been said in this plenary session on the effect of the bailout package on the Republic of Ireland. However, it must be recognised that this crisis also has a huge knock-on effect on my own constituency of Northern Ireland, which shares a land border with the Republic. There is a large quantity of cross border movement in terms of finance, services and people for employment purposes. Banking institutions from the Republic of Ireland also have a considerable stake in Northern Ireland. Therefore the liquidity problem these banks are now facing are directly impacting on businesses in Northern Ireland, particularly SMEs, in terms of access to financing. At a time when SMEs are struggling to survive an already dire economic climate, this is only helping to depress a difficult situation. At present, 30 per cent of everything manufactured or produced in Northern Ireland goes directly to market in the Republic of Ireland. Therefore a weak market in the Republic has direct and serious ramifications for business and employment in my constituency. In light of this serious situation I call on President Barroso to acknowledge this and use the taskforce to look at ways to improve the situation we now find ourselves in."@en1
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