's appointment was controversial for some. His nomination came after the late 2000s recession led to criticism of bankers by many. Especially in France, there was a desire to more regulate the financialservices sector, which in Europe is largely based around the City of London. French President Nicolas Sarkozy's declaration that Barnier's appointment as Internal Market Commissioner was a "victory" produced considerable worry in the UK that France would use Barnier to push French-inspired restrictive regulation upon the UK's financial centre. Although he said that "we need toturn the page on an era of irresponsibility; we need to put transparency, responsibility and ethics at the heart of the financial system", he has tried to soothe worries in the UK and has reiterated his independence from national influence.
To maximise the potential of the Internal Market to boost growth and employment.
To eliminate remaining barriers to an effectively functioning internal market for services across member states.
To deepen the integration of Europe's capital markets and improve its financial infrastructure so that the cost of capital is reduced, the inefficiencies of fragmentation are minimised and competition is intensified, to the overall benefit of Europe's economy.
To ensure that existing internal market rules are properly enforced.
Commissioner Frits Bolkestein served in the Prodi Commission between 1999 and 2004. In addition to holding the Internal Market portfolio, he also held Taxation and Customs Union. His head of cabinet was Laurs Nørlund. Bolkestein is most notable for the Directive on services in the internal market, which is commonly called the "Bolkestein Directive". The directive aimed at enabling a company from one member state to recruit workers in another member state under the law of the company's home state. It was to help the development of the internal market for services, the development of which has lagged behind that for goods. However, there was a great deal of concern about its effect on social standards and welfare, triggering competition between various parts of Europe. This led to significant protests across Europe against the directive, including a notable protest at the European Parliament in Strasbourg by port workers, which led to damage to the building. MEPs eventually reached a compromise on the text and the Parliament adopted it on 12 December 2006; 2 years after Bolkestein left office, under the Barroso Commission.
