Moreover, such policies will support employment creation, reduce inflation persistence and keep upward price pressures contained, thereby improving the adjustment capacity of countries. It is undeniable that, over the past two decades, significant progress has already been made under the Single Market Programme. This has already yielded major benefits for European economies.
However, the extension and deepening of the Single Market still remains a high priority in order to achieve further financial market integration, effective competition in the energy market and the full implementation of the Services Directive.