You might say: weren't we supposed to have a common market already? Wasn't that the reason we joined Europe in the first place? Weren't we promised all this in 1973?
It's a fair question to ask. And the truthful answer is: Europe wasn't open for business. Underneath the rhetoric, the old barriers remained. Not just against the outside world, but between the European countries.
Not the classic barriers of tariffs, but the insiduous ones of differing national standards, various restrictions on the provision of services, exclusion of foreign firms from public contracts.
Now that's going to change. Britain has given the lead. [There was a tendency in Europe to talk in lofty tones of European Union.
That may be good for the soul. But the body—Europe's firms and organisations and the people who work in them—needs something more nourishing.]
We recognised that if Europe was going to be more than a slogan then we must get the basics right. That meant action.
Action to get rid of the barriers. Action to make it possible for insurance companies to do business throughout the Community. Action to let people practice their trades and professions freely throughout the Community. Action to remove the customs barriers and formalities so that goods can circulate freely and without time-consuming delays. Action to make sure that any company could sell its goods and services without let or hindrance. Action to secure free movement of capital throughout the Community.
All this is what Europe is now committed to do. In 1985 the Community's Heads of Government gave a pledge to complete the single market by 1992. To make sure that it was not just a pious hope, they made that pledge part of the Treaty, as the Single European Act.
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