There is still much to do if the EU is to achieve its goal of financial services harmonisation. But for this to have any chance of happening, member states must embrace the Insurance Mediation Directive
Although established in 1957, it took a further 37 years for the European Economic Community (EEC) member states to remove all trade barriers and to turn their common market into a genuine single market in which goods, services, capital and even people could move around freely. This process was formally agreed in 1992 with the signing of the Maastricht Treaty, which led to the creation of the European Union (EU). Key to all of this was the concept of harmonisation. However, it has been a slow process to enact complete harmonisation and even now, in 2006, there is still some way to go. I...
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