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Twenty years after the European single market was created, the euro crisis is posing a threat to one of the main achievements of European integration - the single market. Even the latest round of proposed improvements that the European Commission has announced will not be sufficient to mitigate this threat.
In a new ECFR paper Sebastian Dullien sets out the three most likely scenarios for how the euro crisis is likely to develop, and explains who each would adversely affect the single market and harm cross-border business and activity within the EU.
Any one of these scenarios may lead to a loss of EU influence in global trade negotiations and institutions like the IMF and G20.
Download ‘Why the euro crisis threatens the European single market' (pdf) - the kindle version of the paper is available here.
“European policy makers must understand that they cannot separate the single market from finding a solution to the euro crisis. If they are not careful they could lose many of the real benefits that the single market has brought to Europe – from cheaper and better products on our shelves to a vast market for our businesses.” - Sebastian Dullien
This paper, like all ECFR publications, represents the views of its author, not the collective position of ECFR or its Council Members.
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