Manfred Weber, Chairman of the European People’s Party, advocated for a reinforced European single market during a speech delivered in Berlin on Wednesday. Weber emphasized the potential of revitalizing this core component of the European Union, recalling its contribution to prosperity in the 1980s.
He specifically pointed to financial services and energy as sectors where a truly unified European market remains unrealized, characterizing the current situation as comprised of “nationally isolated markets”. Weber argued that unlocking the full potential of the internal market could generate substantial economic growth originating within Europe itself.
Looking forward, Weber stressed the importance of prioritizing investment in innovation as a crucial step towards securing Europe’s position as a leading global economic power and maintaining its high standard of living. He highlighted the need for a renewed drive to foster ingenuity and technological advancement across the continent.