The Single Market – the UK can give it a second wind, and help Europe grow
Phillip Souta
“What we need are strengths which we can only find together … We must have the full benefit of a single large market.” These are the words of Margaret Thatcher, spoken in 1986 as Prime Minister, emblazoned on the first page of Mario Monti’s report, published this May, on “A New Strategy for the Single Market”.
The publication last Friday of stress tests of 91 banks, and the generally favourable market reaction this week to the results, marks a watershed for the Eurozone – it has survived the biggest crisis that is has faced, and dealt with the immediate challenges of first, not breaking up and second, finding ways to shore up the finances of its more troubled members. Read full article »