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Growth and euro area stability: for a deepened single market for services
The European Commission’s recent single market initiatives have a second important benefit beyond growth that is often overlooked: they can also reduce imbalances in the euro area. This is the main issue addressed by Anna auf dem Brinke, Katharina Gnath and Jörg Haas.
The European Commission’s recent single market initiatives have a second important benefit beyond growth that is often overlooked: Deepening the Single Market for goods and services can also reduce imbalances in the euro area and limit its vulnerability to crises.
A further integration of the Single Market thus provides a double dividend of growth and stability.
This is the main issue addressed in this Background note by Anna auf dem Brinke, Katharina Gnath and Jörg Haas (Jacques Delors Institut – Berlin), divided into three main elements:
1. How does a deepened Single Market stabilize the euro area?
2. Why services? Why now?
3. What next?
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