Then, to conclude, I will speak on the subject of EU (European Union) fiscal rules. Though they are not part of the single market, they are a cornerstone of stable monetary union – and, as you may know, their reform is currently on the agenda.
2 The European single market – a success story The single market is the economic heart of the European Union. It has created a common economic area for 440 million Europeans and 24 million enterprises. [2] It pays off to have a large domestic market where we can trade freely. It allows everyone to do what they are best at.