Eu Must Live Up to Rhetoric Not-so Single Market

Summary


REMEMBER 1992? That was when the European Union was meant to usher in a barrier-free "single market" where people, goods, services and capital could move without hindrance. The changeover dated from January 1, 1993, grabbed the attention of industrialists and economic visionaries alike. But 12 plus years on, how far have we really come?

If the actions of certain EU member states - notably to protect national champions, such as banks and yoghurt manufacturers - is to be believed, not far enough. The French prime minister, Dominique de Villepin, recently said his country needed more "economic patriotism" and only last week his government responded by drawing up a list of 10 "strategic" sectors it believed should be immune from foreign takeover.

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Eu Must Live Up to Rhetoric Not-so Single Market

Industry minister Francois Loos said the government was preparing policy measures t...

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