"I start from a very red, strong red alarm, a big red alarm. The gap is growing with the US." The alarm that Enrico Letta so vividly envisages is the wake-up call he believes the European Union needs in order to see that the single market is in critical need of development in order to keep with rivals such as the USA and China, and to adapt to global geopolitical developments over the past three decades.

Enrico Letta, the author of a report on the future of the Single Market Euronews

The single market as it is today is not enough, because it was conceived for a world that is no longer there

The former Italian prime minister and academic has just compiled a report commissioned by the Belgian presidency of the EU on the future of the single market.

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