EU Reform: Detailed Proposals for a more competitive Europe

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Publication Date June 2015
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TheCityUK believes that the European Union stands in need of reform, both to encourage a focus on pro-competitive, growth-orientated policies and to ensure that these policies are devised and carried out with the optimum combination of EU and Member States’ powers and resources.

The European Single Market, open to the world, provides the most secure way to support economic growth, which is so vital for the future prosperity of Europe and individual Member States. However, the Single Market needs to be fit for purpose, covering only those areas where common rules are necessary for the common good and constructed so as to deliver the results that are intended. There are shortcomings in the present arrangements, both of omission and commission and in the institutional processes used to construct and develop them.

The dynamics and complexities of the EU have also changed since the original design of its current architecture and of the relationships of its institutions with Member States and with each other. Now is the time to modernise, refresh and update the EU to make it more relevant to citizens and put it on a more efficient footing.

Source Link Link to Main Source http://www.thecityuk.com/research/our-work/reports-list/eu-reform-detailed-proposals-for-a-more-competitive-europe/
Related Links
ESO: Background information: Building a stronger single market in capital http://www.europeansources.info/record/speech-building-a-stronger-single-market-in-capital/
EurActiv, 03.07.15: British bankers call for review of EU financial services laws http://www.euractiv.com/sections/uk-europe/british-bankers-call-review-eu-financial-services-laws-315948
TheCityUK: EU Reform: Detailed Proposals for a more competitive Europe [Report] www.thecityuk.com/assets/2015/Reports/EU-Reform-Detailed-Proposals-for-a-more-competitive-Europe.pdf

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