At the BUSINESSEUROPE Day in Brussels today, Prime Minister Mark Rutte spoke about the challenges facing the EU single market. The single market has already brought member states many benefits, but its huge potential is still not being fully exploited.
The theme of the day was ‘reform to perform’. Many EU companies are opting to do business with the US or Far East, rather than with the 500 million consumers on their doorstep. EU rules that should be assisting them are actually scaring them away. The Netherlands, during its Presidency of the Council of the EU, wants to help change this.
Mr Rutte believes we don’t just need to reform, we need greater compliance with existing legislation too. Innovative ideas, like the proposals for an EU Startup Visa put forward by Startup Envoy Neelie Kroes, also have a role to play.
Member states shouldn’t wait for the European Commission to act. They must make the most of opportunities and achieve sustainable growth themselves. The Dutch ‘triple helix’ model, which sees the government, the private sector and research institutions work together to create workable plans and projects, could serve as an example.
To view the whole speech, please click here.
Compliments of the Netherlands EU Presidency