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First, there is no genuine pan-European market yet for financial services.
Mr Preda is convinced that a pan-European market for trading shares is "inevitable".
The result is the absence of a genuine pan-Arab market for Arab cinema.
By creating the foundation of a pan-European market for capital, it exposes markets to stiffer competition.
The pirates created the pan-African market Mr Akudinobi now feeds.Other African countries made films long before Nollywood.
"We need a single pan-European market".Whether consumers will take advantage of new choices in financial services is uncertain.
Renamed Nasdaq Europe, the exchange will form a pan-European market linked to Nasdaq's trading systems in the United States and Japan.
But to advocates of a pan-European market for trading, clearing and settling securities he is fast becoming public enemy number one.
The EU is finding it hard to transform a bunch of national rail monopolies into a pan-European market in which operators compete across borders.
"The pan-Arab market is already saturated," said Faisal Abbas, a former media editor at Asharq Alawsat, an Arabic newspaper that is based in London.
2 The pan-African market Snatches of Swahili, French and English waft through this market, incongruously housed in a multi-storied Victorian building in the city centre.
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