Hudghton (Greens/EFA) - I voted in favour of the Karas report on retail financial services in the single market. My own country, Scotland, is home to a number of world class financial companies and they can benefit from access across the internal market. Nevertheless, respect must be had for the different financial cultures and traditions of the EU's nations and I believe that the Karas report strikes the right balance in recognising the need for subsidiarity in this area.

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