This was achieved, after the ratification of the European Single Act in 1986, with the creation of the Single Market in 1993. The four markets for goods and services, capital and labour are exactly those that money serves.
This decision respected the principle that measures be commensurate with the severity – or decline in severity – of the problem. 15  These were accepted at a collateral-to-portfolio value of 60 per cent. BIS Review 17/2010  5  facilities were introduced as temporary measures in order to reduce the incentives for participants to change their behaviour.