-In preparation of the Barcelona summit in March the Presidents of all industry federations in the fifteen EU member states sent an open letter to the President of the European Council, Spanish head of government José María Aznar, urging and encouraging him to deliver results in the project to make Europe the world’s most competitive economic region.
On Financial Services issues the letter states:
The Lamfalussy proposals and Financial Services Action Plan are an essential part of the Lisbon agenda, and should remain a priority. Member States should ensure that the targets for implementation of the FSAP are not missed due to insufficient political determination. Raising finance can still be a major challenge for many European enterprises. In this context, it is important that the revision of the new Basel Capital Accord and proposals for the subsequent directive, as well as the proposed directive on a single prospectus, avoid creating more difficult conditions for European business, in particular small businesses entrepreneurs.
See open letter
See press release
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