For instance, they have improved the transparency of the country’s debt, which should make it easier to spot problems before they spiral out of control. Local governments, for example, are now required to borrow by issuing bonds for new projects rather than by using opaque financing vehicles.
So it is crucial that we complete the Single Market for services and expand its reach into new areas, especially those that are relevant for innovation, such as the digital economy. This is an essential driver of economic progress that benefits consumers, businesses and the economy as a whole and will also provide a healthy ecosystem for financial services.6  Conclusion Let me conclude.