On 21 May, the European Parliament held a plenary debate on the European Commission’s newly unveiled Single Market Strategy, a wide-ranging initiative aimed at removing internal barriers, simplifying regulation, and strengthening the EU’s economic backbone.
The strategy received strong cross-party support, with MEPs calling for targeted action in key areas such as energy, telecoms, financial services, and the mutual recognition of professional qualifications. A special focus was also placed on empowering SMEs and mid-caps, along with concrete plans to reduce administrative costs by €400 million annually.
The debate underscored a growing consensus: the Single Market must evolve to meet today’s challenges, from global competition and economic resilience to innovation and sustainability.
To access the full summery of the debate, please fill in the form below.
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Image Source: European Parliament Multimedia Centre
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