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Financial Services and Capital Markets
Completing the single market in financial services is a crucial part of the European Commission’s overriding objective of stimulating economic recovery in Europe.
Following the outbreak of the financial crisis in 2008, the stabilization of financial markets became a priority and financial sector reform a crucial instrument to achieve it.
In 2012, proposals were presented with a view to creating a Banking Union for the eurozone and other Member States desiring to participate, with a Single Supervisory Mechanism for banks as a key element.