How can the EU step up competitiveness? Ask the Euronews AI chatbot – Euronews.com

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Euronews' flagship morning TV show with the news and insights that drive Europe, live from Brussels every morning at 08.00. Also available as a newsletter and podcast.
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The Ring is Euronews’ weekly political showdown, where Europe’s toughest debates meet their boldest voices. In each episode, two political heavyweights from across the EU face off to propose a diversity of opinions and spark conversations around the most important issues of EU affairs and the wider European political life.
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Europe's water is under increasing pressure. Pollution, droughts, floods are taking their toll on our drinking water, lakes, rivers and coastlines. Join us on a journey around Europe to see why protecting ecosystems matters, how our wastewater can be better managed, and to discover some of the best water solutions. Video reports, an animated explainer series and live debate – find out why Water Matters, from Euronews.
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The EU is the second largest global economy, but old and new regulatory and non-regulatory barriers still obstacle its growth potential and resilience.
The European Economic and Social Committee estimates that the single market’s fragmentation holds back €500 billions of additional GDP per year, leads to higher costs for businesses, reduces competition, and decreases consumer welfare. Non-tariff barriers between member states compare to tariffs of around 44% for goods and 110% for services, so the International Monetary Fund.
These frictions hamper the bloc’s competitiveness, widening the economic gap with the US and China. But the “One Europe, One Market” roadmap plans to change this.
Going beyond the current “four freedoms”, the Commission intends to accelerate the integration of the single European market to boost its competitiveness. Through “One Europe, one market”, the EU aims towards a fully unified single market in strategic sectors, such as trade, digital, and energy by the end of 2027, raising yearly EU GDP growth above the current 3-4% level.
Although in its initial phase, the proposal has already gained consensus among member states who will have their first glimpse at the action plan at the next European Council on 19-20 March.
Want to know about the EU’s plans to deepen its single market? Ask the Euronews AI chatbot!


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