Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-22-Speech-2-057-250"
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"en.20120522.4.2-057-250"2
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"SMEs are blighted by the increasingly unobtainable access to finance and capital, a problem, for the most part, exacerbated by the ongoing ineptitude of the European Union in addressing problems that blight the eurozone, which, in turn, impact upon global markets. Equally, SMEs are the hardest hit when it comes to the application of heavy handed and unnecessary over-regulation by Brussels. The UK Government pledged to financially support small businesses and free up capital for investment yet have done nothing to hold banks accountable when they have failed to meet the prescribed targets – despite the government and taxpayer being a major shareholder in two high street banks. This issue does not require action from the EU, as such action, in line with all other EU policy making, is liable to be counterproductive to its objectives. Instead, it requires competence and commitment from the UK Government, which could only be achieved if the UK left the European Union and freed British business from the shackles of European regulation."@en1
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