Europe’s Single Market

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Europe’s Single Market

by Berthold Busch, David Gregosz

Exploiting untapped potentials

By realising the Single Market Project, the European Union (EU) has deepened economic and political integration considerably. Not only has it been possible to strengthen competition internally and produce greater growth and employment through the free movement of workers, goods, services and capital. The external dimension is also of importance. The Single Market has strengthened the EU’s position in global competition and represents an asset in bilateral free trade agreements.

July 10, 2013 Ordering Information

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It is of course true to say that the Single Market has not been completed. There are actually further important ways in which the four fundamental freedoms, and thereby also competition within the EU, can be strengthened. Strengthening the Single Market should be an important part of the reform agenda under the Europe 2020 strategy. Furthermore, revitalisation of the Single Market can also be part of the strategy to combat the current debt crisis.