And for various aspects that were included in the proposal, it has become clear that, at the current stage, we face significant challenges in overcoming prevailing divergences in views among Member States. It thus makes sense for EU legislators to tackle this issue in stages, and focus first on harmonising specific elements of insolvency frameworks.
The EEC Treaty was signed on March 25th, 1957, in the Palazzo dei Conservatori. It was an economic compact intended to transform European trade and manufacturing, but also to contribute to the construction of a political Europe.