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20 years of the 'Four Freedoms' of the Single Market

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The EPP Group is by far the largest political group in the European Parliament with 271 Members and 3 Croatian Observer Members. Editor: Pedro L贸pez de Pablo, Head of the Press and Communications Service Web: www.eppgroup.eu Contact: epp-publications@europarl.europa.eu

The end of 2012 will mark the 20th anniversary of the Single European Market. Twenty years of free movement of goods, capital, people and services have changed the way of life of 500 million Europeans. Today, the four freedoms of the Single Market are needed more than ever to revitalise the European economy in response to the current crisis. The EPP Group in the European Parliament considers that this anniversary is a good moment to assess what has been achieved and which improvements have to be introduced.

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MS O D E E THE 4GLFERMARKET E I C N N A S E H L G AT A OF T


WHAT DO THE FOUR FREEDOMS MEAN FOR YOU?

Huge potential market

Any business in the EU automatically has close to 500 million potential customers More opportunities at their disposal. d an s rk price Lower to live, wo Easier to travel and shop This allows larger ad ro ab dy stu rity businesses to benefit from Increased prospe econom ies of scale, while of ng-up EU citizens can travel around The openi new In 2011, around 6 million most markets have been the and ts marke national of the EU without ars, opened EU citizens worked in up to SMEs. n etitio Over the last 15 yet comp in increase carry an EU countr y other than stopping a passport or being , prices the Single Marke EU's down ed for checks at borders. has driven to has increased the % of GDP. their own, while close such as a 70% decrease in For shop pers, there are no Better value 3 million university prosperity by 2.15 mobile phone costs and a limit s on what they t can par buy for ted taxpayers ple com students 40% drop in the cost of and take home r with the them ano in s die stu of their airline tickets. for personal use. Member State with the Companies may submit help of the Erasmus More jobs Less red tape bids to provide goods Programme. and services in all EU Wider choice of produ Membe cts r States. 2.75 million extra jobs and services order s-b os This often increase Cr rules in t Single Marke were created over cial security so of compet er ition numb leads to large replace a the period 1992-2009 governm laws, al ent savings nation divergent The Single Market has led as a result of and more money can reducing bureaucracy. When moving to another to a the Single Market. wide r range of products s zen citi EU then be spent on easier te, it Sta made This has Member on offer, while the s efit ben ial healthc trade are soc with ir ess, to do busin retain the establishment of common and educatio s. rising n. EU sion within the and pen standards has led to safer s ure ens d Car nce 1992. ura by 30% since and greener products. The European Health Ins the EU. oss acr e car lth hea lic pub to ess acc oad for In addition, citizens can travel abr medical treatment.

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Europe has become a very different place in the 20 years since the creation of the Single Market. But a lot more work remains to be done to ensure the respect of its four freedoms. This work is key to overcoming the current economic crisis and this is why the EPP Group wants to focus its efforts on the unfinished business: 1 A real Single Market for services:

2 Lead legislation to economic growth:

3 Promote growthenhancing investments:

The implementation of Single Market rules for the services market is poor. A correct application of the Services Directive will boost EU GDP by 2%.

The establishment of a single European patent system will reduce costs for the protection of patents by 20% and achieve annual savings of around EUR 50 million per year.

The Commission should propose a comprehensive plan for projects that provide economic growth and jobs, targeted to SMEs, R&D and innovation.

Stimulating rapid development of the digital Single Market, the EU could gain 4% of GDP.

A single set of rules for data protection could save EUR 2.3 billion and create numerous incentives to enhance cross-border business.

The new Multiannual Financial Framework (MFF) 2014-2020 should have sufficient resources to finance a growth and competitiveness agenda.

A reform of public procurement rules will be a powerful tool for growth, as tenders represent 19% of the total expenditure of goods and services in the EU.

A stronger use of innovative financial instruments, such as project bonds or EIB support for SME financing, could be a lever to attract private investors.

4 Use the Single Market to fight youth unemployment: Rules to tackle early school-leaving and better education could bring more job and entrepreneurship opportunities for young people across the EU. A revision of the Professional Qualifications Directive will reduce impediments and bureaucracy.

5 Further reduce red tape: Implementation of the EPP Group target for a reduction of 25% of bureaucratic burdens by 2015. Application in all Member States of the 'SME Test' to avoid legislative proposals that result in additional administrative costs for business.


EPP 4 Freedoms 4 Growth Leaflet