Piero Cipollone: Interview with ilsussidiario.net
European firms face renewed challenges due to external shocks. To bolster these firms, the largest advantage they possess—the extensive European Single Market—must be maximized. This can be achieved by expanding business operations, leading to economies of scale and reduced production costs, especially in sectors like IT, finance, and automotive manufacturing.
However, despite this advantage, firms struggle to fully utilize it due to restrictions on the free movement of goods and services within the Single Market. These barriers hinder expansion and efficiency, preventing the EU from competing with other global powers. Therefore, the first step is to eliminate these internal restrictions.
Only after this can firms exploit the market's potential by reducing cross-border expansion barriers, allowing champions to emerge capable of producing on a large scale, preparing them for international competition.
Written by urgent.news from ECB Press's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
