Recent public debate on the costs and benefits of EU membership has focused more on the costs and less on the benefits. This paper explores the benefits from improved regulatory or policy implementation and enforcement. If actual regulatory enforcement differs from the socially optimal level,...

Hamburg's trade has profited from the dynamic effects of the European Common Market. In the following interview Dr Fahning, Director of the Hamburgische Landesbank-Girozentrale, gives his views on the importance of the EEC enlargement for the Hanseatic City.