Do Not Upset the Internal Market
Giuliano Amato & Emma Bonino, Finanical Times | February 12, 2009
The motor force behind the development of the EU has been economic interdependence and the creation of a common internal market. ++ If member states respond to the crisis by putting their national interest first, measures like state aid -- especially banking and automotive industries -- will upset the workings of the internal market and put European prosperity at risk. ++ The review process of the Commission is taking too long and there should be a change in policy to “co-ordinate state aid’’ and control distortions to competition rules.
Tags: | automotive industry |
banking |
state aid |
competition rules |
internal market |
EU |
financial crisis |
EU economy |
EU common market |