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BRUSSELS, June 30: The European Commission took action against more than half of the European Union's member states on Friday for not implementing some of the bloc's financial market laws.
EU Internal Market Commissioner Charlie McCreevy said failure to introduce the laws denied people and businesses the full benefit of a single market from measures the governments have themselves agreed.
“The Commission will do all it can to help member states implement laws on time, but will continue to take remedial action where necessary,” McCreevy said in a statement.—Reuters
