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26 Apr 2006

Fixing the Services Directive

Stefano Micossi

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Following the amendments put forward by the European Parliament in February, a good compromise is in sight to move forward on the Commission’s proposal for a Services Directive, which is intended to serve as a cornerstone of the ailing Lisbon strategy to revive growth and jobs in the EU. In this new CEPS Policy Brief, Stefano Micossi, Director General of Assonime, reviews the Commission’s proposal and the Parliament’s position, against the background of the present situation without the directive. He concludes that if the Parliament can be persuaded to backtrack on some amendments he feels would be especially detrimental, the revised directive can be an effective instrument in bringing down existing barriers in the Internal Market, and therefore it deserves support.