European Commission President Ursula von der Leyen announced the Commission’s “One Europe, One Market” strategy at the EU leaders' summit on 12 February. Moving from an incomplete single market to “one market for one Europe” within two years, the Commission plans to bridge the competitiveness gap with the US and China.
The International Monetary Fund predicts that the EU will account for only 12.91% of the global GDP in 2030, compared to 20.36% of China and 13.86% of the US. “One Europe, One Market” is set to change this and become Europe’s ticket back to global competitiveness.
