Resources: Economics and finance

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Nicholas Hildyard

2 February 1993

In 1986, the 12 member states of the European Economic Community (EEC) signed the Single European Act, which committed them to dismantling all legislative barriers to the free movement of goods, services, capital and people between them by 31 December 1992. The resulting Single Market is designed to protect the multinational interests that have long lobbied for its creation and that are now the dominant economic and political force within Europe. The Treaty on European Union -- commonly known as the Maastricht Treaty -- gives those multinational interests the legal powers and administrative apparatus of a full-blown state.

OpenSpace and CRESC held a one-day workshop in February 2010 on the underlying principles and practical prescriptions for financial reform. It was organised around three main questions: