Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-24-Speech-1-115-000"

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"en.20111024.15.1-115-000"2
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"Mr President, I can identify with what the Commissioner has said, because in my constituency of Northern Ireland, over 99% of the businesses are SMEs, and we depend on them for growth. The impact on the regional economy at the moment is very severe because of the economic climate. In the current financial climate, SMEs across Europe are operating in these tough times, so those small businesses face various pressures – not least, difficulty in accessing credit. Where I come from, this is a tremendous problem. However, another issue is the red tape and bureaucracy which they have to contend with on a daily basis. I would be interested to hear the answer from the Commission regarding the effectiveness of the Small Business Act and, in particular, the SME test, in proving to be truly effective in analysing the effects of EU legislation on SMEs across the different Member States. I think we have got to be careful in Europe that we do not over-regulate ourselves out of the market and let others take that market while we sit back and let them do it."@en1
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