20
May
2026
Watch
High time to deliver on the Single Market, providing certainty and predictability for EU businesses and quality jobs (continuation of debate)
Madam President, this debate confirms that the majority of the House understood that Draghi and Letta were right: the single market is the asset that can assure the stability and prosperity of the European Union. I am pleased to see the 'One Europe, One Market' proposal from the Commission as a very comprehensive plan on how to reach substantial improvement – improvement that we really badly need. But this is just a plan. In order to make it real, we need to attack three areas of the problem at the same time. First of all, the unfinished part of the single market, this is what Letta put in his report. I am talking especially about the banking union, capital market union, better and deeper single energy market, and so on. Second, fragmentation of the single market caused by gold plating. I guess we should go more for regulation instead of directives and remove these obstacles. And third – and this is very important – are the barriers that are created on the Member States level by different national regulations. The first two areas are within our remit, and we need good proposals from the Commission, agreement here and support from the Council. The third is entirely up to the capitals. I believe we can deliver and we must deliver. The alternative is clear, this is what Draghi described, this is 'slow agony'. And this is what we do not want to bring for Europeans.