Single Market Act II launched – ‘Together for new growth’
On 3 October Commissioner Barnier presented the Single Market Act II with 12 new immediate priorities ‘which the Commission will focus on to support growth, employment and confidence in the Single Market’.
In the Single Market Act II, key action 7 is on modernising the solvency rules; most other proposals are on digital services, online payment and the like. According to Barnier, five of the 12 measures could be adopted in 2012, provided there is the political will. Meanwhile, the implementation of the Single Market I (adopted in April 2011) is still ongoing.