Several months after the sub-prime crisis has started to unfold in the USA, it has become clear that the effects are spreading across other asset markets. Despite the various measures by the US government, a recession in the USA seems imminent, possibly causing a global credit crunch and an economic downturn in major parts of the world.
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The Treaty of Lisbon was signed on 13 December 2007. It is intended to enter into force on 1 January 2009. The new Treaty will much enhance the Union’s capacity to act by increasing the efficiency and effectiveness of the institutions and decision-making mechanisms.
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This paper was drawn up by the Liberal and Democrat group in the European Parliament following a number of discussions on recent high pro le cross-border merger cases in the EU. It serves as a guide to Liberal Democrat thinking in this area at European level and a statement of principles to guarantee free, fair and open competition in Europe’s Single Market.
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The celebration of 50 years of the signing of the Rome Treaty is all the more important as it takes place in a Europe that many believed not to be possible: a united Europe, a peaceful Europe in which the old adversaries work together for the achievement of a common project, a project based on democracy, freedom, respect of human rights and, above all, solidarity.
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