In Germany, for example, this could imply an additional 420,000 jobs over the period 2015 to 2020. A truly integrated digital market also implies higher potential rewards for investing in a digital European start-up. Together with the reforms outlined before, this might create a critical mass for venture capital in Europe.
I would further emphasize that the free market system has proven itself better than all other forms of organization dedicated to harnessing the underlying competitive forces of the division of labor and comparative advantage. For another, we monetary policymakers must keep hold of the anchor provided by price stability so as to support maximum sustainable economic growth over time.