A number of concrete measures are listed in the Commission’s Action Plan to strengthen: Securitisation, insolvency regimes, and tax legislation need to be prioritised. Cross-border barriers to clearing and settlement should be removed. I welcome the commission’s communication on accelerating the CMU. Swift implementation is of the essence.
Implementation of promises and adherence to new rules is key As a result of these measures, our economic and monetary union is considerably more resilient today than it was at the peak of the crisis. The strengthening of the recovery in the past year, in spite of challenges on several fronts, is testimony to that.