The EU’s Single Market is Showing Its Age: Time for a Relaunch

Formulated in the 20th century, the principles of the EU’s Single Market did not anticipate the challenges of digitalization, rapid innovation, and climate change. It’s time to expand its reach.

The EU’s Single Market has always been more than a technical project. It is fundamentally political. Today, over 30 years since its inception, the Single Market is a pillar of European integration, driving growth, prosperity, and solidarity. Yet, the need for adjustment has becomeevident as the global landscape shifts dramatically, marked by the EU’s reduced share in the global economy and the rise of global instability. A robust political commitment is essential to adapt the Single Market to this new reality.