-In a speech addressed to the EU Economic and Social Committee Mr Bolkestein underlined the importance on internal and financial market reform claiming the lack of progress made so far.
“There is a large degree of consensus about what needs to be done, but this consensus is only in general terms. And as I have underlined already on several occasions, there is a difference between saying we will do something, and actually doing it” Mr Bolkestein said.
“Some progress has been made and a number of important measures have been agreed (…) but several major reforms, where the Internal Market desperately needs a shot in the arm, we have seen only little progress, despite promises and pledges at the highest political level to achieve results”.
“The take-overs directive is a key missing piece in the jigsaw. The committee of legal experts established following the failure to reach agreement on the take-overs directive has now produced what I consider to be a very valuable report and the Commission intends to come forward with a new proposal in spring of this year.”
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