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Do Not Upset the Internal Market

Giuliano Amato & Emma Bonino, Finanical Times | February 12, 2009

The motor force behind the development of the EU has been economic interdependence and the creation of a common internal market. ++ If member states respond to the crisis by putting their national interest first, measures like state aid -- especially banking and automotive industries -- will upset the workings of the internal market and put European prosperity at risk. ++ The review process of the Commission is taking too long and there should be a change in policy to “co-ordinate state aid’’ and control distortions to competition rules.