Single Market Act II (October 2012)
The Single Market Act presented by the Commission in April 2011 set out twelve levers to boost growth and strengthen confidence. In October 2012 the Commission proposed a second set of actions (Single Market Act II) to further develop the Single Market and exploit its untapped potential as an engine for growth.
Delivering the Single Market Act: State of play
The Commission has presented a report outlining the progress made to date in implementing the Single Market Act. The report shows that sustained efforts are required by all European institutions to ensure that the proposals for the twelve key actions are adopted in time for the 20th anniversary of the single market at the end of 2012.
A snapshot of citizens’ and businesses’ views and concerns
The Single Market is one of the EU’s main achievements. 50 years after its inception, it has not only fuelled economic growth; it has also become a part of Europeans’ everyday lives. Still, the Single Market is not yet fully living up to its promise.
On September 2011 the European Commission disclosed the results of its latest Eurobarometer survey and compiled a list of the 20 main concerns faced by people in the Single Market. This list represents a snapshot of difficulties encountered by people (understood in a wide sense: citizens, businesses, consumers, workers, students, pensioners) when attempting to exercise their EU rights.
- Eurobarometer survey on the Single Market
- Top 20 main concerns
Twelve levers to boost growth and strengthen confidence
The “Single Market Act” (April 2011)
The Single Market is still the nucleus and the core economic driving force of the European Union. It also remains our most effective means of responding to the current economic crisis. The Single Market Act adopted in April by the European Commission aims to deliver twelve projects on which to relaunch the Single Market for 2012. These twelve instruments of growth, competitiveness and social progress range from worker mobility to SME finance and consumer protection, via digital content, taxation and trans-European networks.
In October 2009 President Barroso entrusted Mario Monti, President of Bocconi University and former Commissioner for the Internal market, Financial services and Tax policy (1995–1999) and for Competition (1999–2004), with the mission of preparing a report containing options and recommendations for an initiative to relaunch the Single Market as a key strategic objective of the new Commission.
On 10 May 2010, Professor Monti submitted his report.