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Scicluna leads debate on the future for European manufacturing
Prof Edward Scicluna MEP led the European Parliament as Chairman of the 'Financial Framework for Manufacturing' Roundtable organised by the European Forum for Manufacturing (EFM) in Brussels yesterday. The debate looked at the market conditions for manufacturing following the financial crisis.
The event brought together MEPs, high-level representatives from the European Commission and EU Presidency along with treasurers and directors from leading manufacturing companies and financial institutions including Rolls Royce, Bayer, HSBC and Merrill Lynch.
Giving the opening speech of the debate, Prof Scicluna focused on the financial sector legislation being adopted at EU level and the effect that this would have both on the financial sector and on finance for manufacturing.
Prof Scicluna said: "It is important to deliver EU-wide financial legislation that is balanced and fair. We have had to take measures to deal with the financial crisis, but we must ensure that the manufacturing sector, both large corporations and particularly SMEs, is not adversely affected and is both strong and competitive.
"At a time when we are seeking economic recovery we need it to be a key driver of growth in European economies over the coming years."
