A key component of the EU’s internal market for goods and services is the possibility of buying and selling across Europe. To ensure safety, stimulate trade and ensure that no business has an unfair advantage, similar standards are often required. This can lead to a change of size or name in well-known products, which often arouses opposition.
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Pioneered by Bangladeshi economist Muhammad Yunus, micro-credits have become a way for poor and excluded people in parts of the developing world to access credit allowing them to start up mini-businesses. Now Hungarian MEP Zsolt Becsey wants to extend the scheme to the poorest people in Europe. At midday on Wednesday the European Parliament will vote on his report. We spoke to him about the issues involved.
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