In November 2003 the EU Commission abandoned its proposal to make quarterly profit and loss financial statements mandatory for 6,000 Listed Companies in the EU. Instead the Council of Ministers agreed that groups will have to provide quarterly information on "material events", mergers and closures and debt and equity issues. These measures are generally referred to as the "transparency directive"Our suite of graphics entitled "transparency directive ” provides images of this development..
One of the four Freedoms of the EU is the freedom to provide services in other EU countries, once a company is established and regulated in its home state. Another of the four Freedoms of the EU is the freedom to move goods from one state to another. Our graphics are a humorous representation of the rules and regulations of the EU that appear to conflict with these "Freedoms".