Story perspectives

Nobel Laureate Urges EU to Embrace True Single Market

12/4/2025

Summary

Story summary

Nobel Prize winner Philippe Aghion urged the European Union to lower internal barriers and create a true single market.
He argued an integrated market would boost competition and innovation, noting Europe lags behind the US and China.
Aghion criticized regulations as "gold plating" and called for a culture that embraces risk-taking and accepts failure.
He urged investment in high-risk sectors and simpler regulations to attract market players and avoid stagnation.

1 of 1

Story summary

Nobel Prize winner Philippe Aghion urged the European Union to lower internal barriers and create a true single market.
He argued an integrated market would boost competition and innovation, noting Europe lags behind the US and China.
Aghion criticized regulations as "gold plating" and called for a culture that embraces risk-taking and accepts failure.
He urged investment in high-risk sectors and simpler regulations to attract market players and avoid stagnation.