A strategy for completing the Single Market: the trillion euro bonus - Report of the High-Level Panel of Experts to the IMCO Committee

11-01-2016

The economic potential of the Single Market could reach, according to research carried out by the European Parliament, as much as one trillion euro per annum in additional GDP growth. Securing this economic 'bonus' requires a strategic approach, through which the EU would pursue a “genuine Single Market” and treat it is as a common asset.  Such a strategy implies leadership and new politics for the Single Market, involving the full commitment of Member States and their compliance in implementing of EU law and removing the remaining obstacles. Six key recommendations are put forward to enhance the functioning of the Single market, focused on concepts of reframing, reengineering and retooling the Single Market.

The economic potential of the Single Market could reach, according to research carried out by the European Parliament, as much as one trillion euro per annum in additional GDP growth. Securing this economic 'bonus' requires a strategic approach, through which the EU would pursue a “genuine Single Market” and treat it is as a common asset.  Such a strategy implies leadership and new politics for the Single Market, involving the full commitment of Member States and their compliance in implementing of EU law and removing the remaining obstacles. Six key recommendations are put forward to enhance the functioning of the Single market, focused on concepts of reframing, reengineering and retooling the Single Market.