Geo-blocking is a discriminatory practice that is wide-spread in EU. It prevents online customers from accessing and purchasing products or services from a website based in another member state
Now more than ever, the EU needs to address concerns about the significant decline in productivity growth and the increasing perception of unfairness. Completing the single market would unlock the EU's growth potential. At the same time, the EU should empower member states to fight inequality by helping them better distribute the gains arising from economic integration.
The creation of the single market generated winners and losers. Yet redistribution remains first and foremost a competence of national governments. It is thus fair to state that a failure in national, more than European, policies and welfare systems can be partly blamed for current discontent with the EU and the single market.
In relative terms, Norway’s current net financial contribution to the EU is similar to the UK’s. Switzerland and Liechtenstein pay surprisingly little, while Iceland is a net beneficiary. Relative to their population, Switzerland, Norway, Iceland and Liechtenstein received about twice as large an inflow of EU immigrants as the UK. These countries also have to adopt the vast majority of EU regulation to gain access to the single market.
Negotiations on the UK's exit from the EU have not yet begun, but the UK leadership needs to find a balance between single market access and free movement. There are also tensions between the demands of voters and what EU partners can plausibly agree. Guntram Wolff doubts the likelihood of a Norway- or Switzerland-style deals, and urges caution on all sides.
Those who argue that Brexit would let the UK “take back sovereignty” overlook the impact of trade on domestic law-making.
The debate on Brexit focuses on the economic and political consequences for the United Kingdom, but ignores the impact of the new EU-UK agreement on the EU. Regardless of the referendum result, the agreement will have serious consequences and will negatively affect prospects for European integration.
So far, having more than one currency in the EU has not undermined the single market. However, attempts to deepen integration in the banking, labour and capital markets might require governance integration that involves only euro-area countries. Safeguards are needed to protect the interest of the UK and other euro-outs.
Nicolas Véron comments on the Capital Markets Union Action Plan launched by the European Commission on 30 September 2015.
The paper investigates the distortions that national competition authorities generate when they pursue non-competitive goals in favour of domestic firms, and discusses ways to address this negative policy development in a globalised world.
The European Commission's just-released Digital Single Market strategy paper is good news. However, the paper does not spell out how the proposals will be implemented, and thus is of little help in forecasting what will happen next.
Be it sluggish growth performance, high unemployment or an incomplete monetary union, completing the single market is often offered as a silver bullet to alleviate or solve most of the current problems of the EU. However, seldom is time taken to explain what the underlying mechanics of the single market are and how the latter is supposed to deliver all these positive effects for the EU.