EUROPE - Brussels again issued a warning on the delay around the "slow" progress of the pensions directive in view of the year-end deadline. The update follows the meeting of EU economic and finance ministers in preparation for next week's Barcelona summit. Brussels is now eager to translate words into hard political agreements. European commissioner for the internal market and taxation, Frits Bolkestein set out the Commission's goals on financial services for the summit.
Barcelona should reinforce the message that integrating financial markets is a prerequisite if the EU is to achieve its goal of becoming the world's most competitive economy by 2010, he said. He...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date