BC-NETBusiness Cooperation Network
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000048% of the EU Budget) is already wholly inadequate for meeting policy objectives;- reducing the budget would send out a negative signal, implying that MEPs only recently elected and the newly appointed Commission are "pro big business";- finally, information obtained by the ESBA suggests the introduction of the cuts would result in the loss of important activities (BEST, European Observatory for SMEs, financial engineering activities for SMEs) and the maintenance of other activities which have not proved to be as effective (such as BC-NET and BRE).