Europe's economy is losing ground to global rivals. It's time to reboot the single market. Our cover in Europe this week
years the appointment of a new team at the European Commission is a chance to steer the European Union in a fresh direction. On September 10th Ursula von der Leyen, the incoming boss, set out her priorities: managing the transition from fossil fuels, extra dollops of American big-tech bashing and “upgrading our unique social market economy”.
Policymakers who ache at the absence of a European tech success on the scale of Google or Amazon pay lip service to the importance of the single market. And yet France and Germany argue that the real answer is dirigiste industrial policy. They have called for mergers of European firms to create industrial “champions” shielded from antitrust rules and Chinese competition.
For all those reasons, reinvigorating the single market ought to be at the centre of the debate on how to boost Europe’s economy. It is not. Since her appointment two months ago Mrs von der Leyen has mentioned the single market only in passing . The commissioner in charge of the brief, Sylvie Goulard of France, is well regarded, but will have to split her time between internal-market duties, regulating artificial intelligence, and a new defence-industry and space brief.
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