A study by the European Parliamentary Research Service, with cautious
estimates, remarked the aspect. A true Union has a potential efficiency
gain amounting to over 1,000 billion Euro.
my article for EuNews
An ‘uncompleted’ Union costs at least 800 billion euro a year. Practically, 6 percent of the GDP is missing in Europe because of the delays in the realisation of a true communitarian project. These are the estimates listed in Mapping the Cost of Non-Europe, 2014 – 2019, a study from the European Parliamentary Research Service realised as a contribute for the next EP term. The document “is intended as a contribution to the growing discussion about the European Union’s policy priorities for the coming five-year institutional cycle,” as explained in the introduction of the document.
The study highlights the critical points in which the outgoing Parliament, during its term, has already called for improved efforts by both the Commission and the Council in order to strengthen the European economy. A first area of intervention is the digital single market. Here, completing the market could raise the long-run level of the EU GDP to around 520 billion Euro at current prices (by 4 percent) even though “the regulatory complexity of de-compartmentalising the existing markets in this field suggests that such a potential may take a sustained period of time to realise.” In the short-run, the Parliamentary Research Service makes the plausible assumption that, with the right policies in place, around half that gain to the European economy (about 260 billion Euro a year) could be achieved. Unfortunately, “the current situation in the digital field is still largely one of the fragmentation of an incomplete single market into essentially 28 national markets”.
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| How much delays cost. Click to enlarge |
An ‘uncompleted’ Union costs at least 800 billion euro a year. Practically, 6 percent of the GDP is missing in Europe because of the delays in the realisation of a true communitarian project. These are the estimates listed in Mapping the Cost of Non-Europe, 2014 – 2019, a study from the European Parliamentary Research Service realised as a contribute for the next EP term. The document “is intended as a contribution to the growing discussion about the European Union’s policy priorities for the coming five-year institutional cycle,” as explained in the introduction of the document.
The study highlights the critical points in which the outgoing Parliament, during its term, has already called for improved efforts by both the Commission and the Council in order to strengthen the European economy. A first area of intervention is the digital single market. Here, completing the market could raise the long-run level of the EU GDP to around 520 billion Euro at current prices (by 4 percent) even though “the regulatory complexity of de-compartmentalising the existing markets in this field suggests that such a potential may take a sustained period of time to realise.” In the short-run, the Parliamentary Research Service makes the plausible assumption that, with the right policies in place, around half that gain to the European economy (about 260 billion Euro a year) could be achieved. Unfortunately, “the current situation in the digital field is still largely one of the fragmentation of an incomplete single market into essentially 28 national markets”.
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