Such a system needs to be applied for legislation also since most of the enactments do not contain what are known as “sunset clauses”. While advocating zero regulation as a process at this juncture as part of general review, it is essential to devise and strengthen appropriate and credible regulatory framework wherever essential, such as in regard to physical infrastructure.
Otmar Issing, who played a central role in shaping this strategy, will elaborate on this tomorrow, and I should not say much more. I would, however, like to briefly make some points relating to the future.