No-one contests the need to address the high cost of and the corresponding difficulty of having access to cross-border clearing and settlement in the EU. We have not yet reached any definitive view on the precise measures we would propose to remedy this situation. It is clear, though, that the present system is untenable. Changes are going to have to be made. We believe the industry recognizes this as well and we would encourage them to be a part of the solution and not the problem.
More Quotes from Charlie McCreevy:
This has allowed us to move on from allegations on the lowering of social standards and threats to the European social model.Charlie McCreevy
I want to foster a climate where EU-wide licenses are more readily available for legitimate online music service providers.
Charlie McCreevy
You could make the case that this is part of a big battle, which is going to get worse.
Charlie McCreevy
These licenses will make it easier for new European-based online services to take off,
Charlie McCreevy
It's obvious that even from the very start they were a great success. The purpose behind them was to encourage people to save and it has done that.
Charlie McCreevy
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