Select Committee on European Union Minutes of Evidence

Examination of Witness (Questions 160-161)

MONDAY 19 MAY 2003


  160. What if the Italians were functioning within their economic business culture which we mentioned earlier? Would that not be a problem?

  A. Yes. There are different cultures. We come across that when we do our own work in international research and we have to cope with that but that is also the attractiveness of doing international business. You have to take into account the different cultures. In an internal market where so many medium sized and large enterprises are operating in an international way, you should not have too many differences in the rules and regulations. Within the United States, you have differences between the states in terms of taxation, rules and regulations, but overall the differences are due to culture. You should not neglect them and try to avoid them. I think you can at least try to decrease the huge differences in rules and regulations across Europe.


  161. Thank you very much. You have been extremely helpful. Is there anything further you think we have missed or anything you would like to add, in conclusion?

  A. I do not think so. I consider the questions very challenging and I hope I have been able to give you some answers. I have to apologise for only sending you my written evidence yesterday. I have been away for quite some time but I have agreed with your secretariat that I can make some final improvements and send them to your secretary.

  Chairman: On behalf of the Committee, we are extremely grateful to you for submitting written evidence. We had not anticipated that you would have the time and it was generous of you to do so. If you would like to fine tune it in the light of our discussions, please do and that will be written into the record.

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