The conclusions of the European Council of 24/25 March can be seen as a balancing act between the two main conceptions as to the best way of drawing Europe out of its financial difficulties. This is illustrated by the two main outcomes mentioned in "chapeau" page 1:
- the package of measures to exit the crisis, including the Euro Plus Pact (close to the Franco-German plan) and six new legislative proposals on economic governance;
- "robust action at the EU level to stimulate growth by strengthening the Single Market, reducing the overall burden of regulation and promoting trade with third countries," which incorporates a significant UK input (see Cameron proposals). A target date for adopting the Single Market Act is set at end 2012 and the importance of fully implementing the Services Directive is emphasized. The goal of reducing overall administative burdens is re-stated, including by exempting micro-enterprises from certain future regulations.
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