17 Mar 2010

Single Market Revival

Jacques Pelkmans

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Suddenly, after several years of diminished importance, the single market seems to have climbed back up the EU political agenda. Its rediscovery by the political leadership in Europe may well be due to the perceived role of the single market in the financial crisis or it may have been prompted indirectly by the blatant failure of the FSAP to deliver crisis-preventing or crisis-proof regulation and supervision. Whatever the reason, CEPS Senior Fellow Jacques Pelkmans applauds its newly elevated status and offers thoughtful advice to the European Commission on how best to proceed with specific reference to the EU2020 strategy. He further suggests three good candidates for widening the scope of the single market revival.