Roadmap in March: that is how EU leaders speed up to finish the only market | EUROtoday

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BILZEN (Limburg) – Gathered for a brainstorming informally in Belgian Flanders, the Twenty-Seven dedicated themselves yesterday to a speedy completion of the only market. Regulatory simplification, union of capital markets, consolidation within the telecommunications market, discount of power costs and safety of probably the most strategic sectors are the priorities that the Heads of State and Government have given themselves. A roadmap can be determined in March.

«Today’s assembly was a turning level – the President of the European Council António Costa said in a press convention in Bilzen, a city in Belgian Flanders -. Until 1992 we had a typical market. Since 1992 we’ve been dedicated to making a single market (single marketin English). Now we need to create the foundations of a single European market between 2026 and 2027 (one marketin English)”. It’s about breaking down barriers and Europeanising sectors that have so far remained national.

Yesterday’s meeting was divided into two parts. The first was attended by Mario Draghi, author of a well-known report on the future of the European economy. According to information leaked on the sidelines of the meeting, the former Italian prime minister underlined the urgency to act without delay. He explained that there is no more time to procrastinate and suggested that leaders give themselves a year to address the most urgent issues: the fragmentation of markets, the lack of investments, high energy prices.

The second part featured Enrico Letta, also the author of a report, this time on the future of the single market. According to information gathered on the sidelines of the meeting, the former Italian prime minister emphasized the need to make the telecommunications, finance and energy markets European, which until now had remained in national hands. President Costa himself has specified that governments are ready to promote mergers between telecom groups.

“Countries want to promote European champions,” added the previous Portuguese prime minister, saying a assessment of competitors guidelines. The matter has at all times been very delicate, additionally attributable to apparent nationwide jealousies. In this regard, chatting with the leaders, former Prime Minister Letta proposed going past the instance of Airbus three way partnership between governments, and provides the European Commission a capital instrument that enables it to put money into European firms.