Europe | A Single Market to strengthen Europe, including energy and climate policies

Summary

The Letta report provides a comprehensive assessment of the European Union's single market and contains a set of policy proposals for its future development. They have the potential to impact the European strategic agenda for the next few years, particularly to strengthen the green transition with targeted recommendations.

Key points

• Key points:
• Funding a fair, green, and digital transition, pursuing EU enlargement, and enhancing its defense capabilities remain unresolved challenges.The EU must adopt a “single market” perspective to develop a comprehensive green industrial policy.
• Scaling up European companies within the Single Market will be crucial. This would attract foreign investment, innovation, and empower the EU to negotiate trade deals, international standards, and address global challenges effectively.
• Cohesion policy was put in place as a fundamental element of the Single Market, but today, the EU operates in a changed global environment, facing new challenges that require innovative solutions. Europe needs economic, social and territorial cohesion.
• Europe must maintain an open and dynamic economy while protecting national security from international threats.
• Anyway, it is also noteworthy that the Letta report, in order to avoid entry vetoes to its proposals, is also characterized by not proposing policies that would require Treaty changes, as well as not being too specific in some of them, to avoid points of contention that could invalidate the discussion among member states from the outset.

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