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Making apples from pears

What will the new EU Consumer Credit Directive achieve for the single market? David Benyon reports from Brussels

'Ever closer union' was one of the stated aims of the Treaty of Rome. 'Easier said than done,' reply the pages of European history. On January 16, the European parliament finally adopted the Consumer Credit Directive (CCD), heralding the end of almost a decade of political debate on the legislation and marking another tentative step toward the goal of harmonisation. So how great a step is it?

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