The Single Market has for decades been seen as a cornerstone policy of the European Union – a framework bringing cooperative benefits that are good for businesses, consumers and governments. However, its practicality and applicability is often called into question. Following the economic crisis, there is a pressing need for a fully functioning Single Market as the foundation for a healthier, more competitive and more stable European economy.

A few hours after the official launch of the Commission’s document ‘Upgrading the Single Market: more opportunities for people and business’, Elżbieta Bieńkowska, European Commissioner for Internal Market, Industry, Entrepreneurship and SMEs, led a Policy Briefing to discuss the new plans. She outlined the main features of this new initiative and its implications for businesses, consumers, investors, professionals and member states, before answering questions from the audience.