ABSTRACT
The effects of Package 1 need to be seen in terms of its substance, its symbolic importance, its procedural impact, and the competition issues that it now drove into prominence.
Reactions about the substance of its likely impact ranged from the smug contentment among the regulatory conservatives to the outrage of Bethell and his supporters, who saw it as a sell-out. Commission, British and Dutch officials acknowledged the severe limitations on progress made by Package 1, and there was quiet resignation and a determination that next time they would have to do better. Experience over the following two years gradually made clear exactly what Package 1 had done, and what it had failed to touch.
