World
For the EU’s prosperity, we must empower the single market now
The opinions expressed in this article are those of the author and do not represent in any way the editorial position of Euronews.
The EU rests on its single market, its singular crowning achievement. To ensure the EU’s future competitiveness and prosperity, its leaders must act now to truly empower it, Jacques Pelkmans writes.
When the EU marked 30 years of the single market in 2023, a report should have been written about it but was not even requested.
The core of the unwritten report would have concluded that the union’s single market is far weaker than assumed and not nearly as “single” as the name suggests.
It is full of shortcomings and contains hundreds of barriers and distortions that seriously and detrimentally impact the EU’s ability to stimulate and encourage investment.
This must be addressed by EU policymakers as a matter of urgency. We need immediate and sustained action to deepen and strengthen the single market at the highest political level.
This is why the “other” report that should have been commissioned and written last year is so strategic — even though the term “strategic” is mightily overused in today’s EU.
But for the health and dynamism of the EU’s economy over the long term, there is no action more important and more strategic than empowering the single market. It truly is the EU’s trump card in an increasingly unstable and uncertain global order.
Real ownership required
The EU could gain as much as 9% of its current GDP if concrete steps are taken now to empower the single market, tantamount to the current combined GDP of the Czech Republic, Belgium and Ireland.
If the EU could induce a greater sense of dynamism via start-ups/scale-ups and a heavier emphasis on R&D and patents, the extra boost in GDP would be even higher.
To achieve this requires real ownership by the EU’s political leadership, however. There needs to be firm action by the European Council right after the start of the new European Commission’s mandate and the formation of the new European Parliament later this summer.
The new CEPS In-Depth Analysis report “Empowering the Single Market” (arguably the unwritten report on the single market that should have been commissioned last year) calls for a medium-term programme that would be decided by the European Council but embraced and implemented by the European Commission, in partnership with the EP. The plan would include regular and rigorous oversight to ensure progress doesn’t stall.
At the European Council level, the troika of national presidencies ought to be as active and enterprising as during the early Delors period (late 1985-1988).
There should be a dedicated Commissioner for the internal market, ideally a Vice-President to clearly signal that the single market is a political priority.
The rest of the report’s programme mostly outlines substance rather than institutional issues, with one key exception — enforcement. Infringements are often costly for the single market but hardly so for the relevant member states, even over a period of several years.
Thus, in serious instances, a fast-track procedure or the suspension of a national law should be possible. Finally, the European Parliament’s IMCO committee should have annual single market enforcement sessions, with accompanying reports, and extensive hearings giving consumers, citizens and businesses a clear voice.
No pain, no gain
The substance of the proposed medium-term programme ought to be ambitious. It must be accepted that, in the short run, some measures are bound to be painful for some, otherwise, genuine progress will never be more than piecemeal.
The credibility and effectiveness of the programme hinges first of all on services, with two parallel action plans proposed.
The first is about removing barriers and distortions in services falling under the 2006 Services Directive, with an emphasis on professional services, retail (all the way down to the local level) and construction services.
The second is about services falling under dedicated sector regulation, such as rail freight, as well as effective progress in achieving competitive and larger European capital markets — crucial for ensuring EU businesses, including start-ups, can access risk capital.
The second plan also stresses the need for the full integration of banking services, the better facilitation of cross-border consumer (and other) finance and more investment in cross-border interconnectors.
The proposed programme’s credibility would also rest on ending “hard fragmentation”, namely consolidating the EU’s telecoms market, stricter rules to coordinate spectrum frequencies between member states, the fully-fledged Europe-wide operation of air traffic control, and shifting from a myriad of national copyright rules to a single EU copyright regime.
Ambitious and far-reaching is the only way
Other significant moves include the European Commission abandoning its revised approach to harmonised European standards — this has no useful purpose.
Regulating on issues that are better left to diplomacy, which has severe costs for European companies involved in global value chains, also needs to be stopped.
And finally, support for EU start-ups must be improved to encourage and stimulate more dynamism in the EU economy.
Make no mistake, all of the above is highly ambitious. Enacting such a far-reaching programme will require much political skill, resolve and capital. But the consequences of not doing it would be far worse.
The EU rests on its single market, its singular crowning achievement. To ensure the EU’s future competitiveness and prosperity, its leaders must act now to truly empower it.
Jacques Pelkmans is Associate Senior Research Fellow at CEPS and professor at the College of Europe in Bruges.
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World
Appetite among NATO members to join Iran war ‘very limited’, says Eide
Norway has pushed back against criticism from US President Donald Trump over what he described as “zero” European support in the conflict with Iran.
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“NATO is a defensive alliance. It is not an attack alliance,” Norway’s Foreign Minister Espen Barth Eide told Euronews’ Europe Today flagship morning show.
Eide said NATO members are focused on safeguarding key global trade routes, including keeping the Strait of Hormuz open. “NATO countries are doing something, but it’s not as a party to a conflict,” he added.
Trump has repeatedly criticised NATO allies for not backing Washington in the Iran conflict. He raised the issue again during a White House meeting earlier this month with NATO Secretary General Mark Rutte.
Eide argued that there had been no prior preparation or consensus within the alliance. As a result, there is “very limited appetite” among member states to join the war.
He said that while both the US and Iran may have reasons to end the conflict, “the sides are far apart”, with negotiations hindered by opposing demands.
On Monday, Trump said the United States would maintain its blockade of Iranian ports until Tehran agrees to a peace deal.
Still, Eide pointed to signs of “some progress”, noting the broader global impact of the conflict. “This is not only an issue for the two sides, but it affects the whole world economy,” he said.
Addressing a European diplomatic push to establish a Palestinian state, Eide reiterated support for a two-state solution based on long-standing United Nations principles. However, he acknowledged that such an outcome is “not around the corner”.
He added that a two-state solution is also in Israel’s interest, describing it as “the only viable solution for real peace in a very troubled region”.
Norway, alongside Spain and Ireland, recognised the State of Palestine in 2024.
World
Iran War Live Updates: Trump Officials and Iran Plan New Talks Despite Mixed Messages
The United States military last week extended its blockade on vessels coming in and out of Iranian ports to the waters of the wider world, declaring that it would pursue any ship aiding Iran, regardless of location on the high seas or flag.
The U.S. “will actively pursue any Iranian-flagged vessel or any vessel attempting to provide material support to Iran,” Gen. Dan Caine, chairman of the Joint Chiefs of Staff, said Thursday, noting that the American troops beyond the Middle East will engage in operations to thwart Iranian shipping.
The extension of the blockade comes as the economically vital Strait of Hormuz remains all but closed to commercial traffic and the two-week cease-fire between the United States and Iran nears an end. The move aligns longstanding American economic policies targeting Iran with the current military campaign against it, maritime and military law experts say.
But it raises a host of legal and practical questions.
“War is a messy thing not just on the combat side but under national and international law,” said James R. Holmes, chair of maritime strategy at the Naval War College.
“From a legal standpoint, a blockade is an act of war, so the blockade probably is legal to the extent Operation Epic Fury is,” he said using the name of the U.S. military campaign against Iran.
Since Congress has not declared war against Iran, no formal state of war exists between the United States and the Islamic Republic. But Mr. Holmes noted that “undeclared wars are more the rule than the exception in U.S. history,” with joint resolutions of Congress, United Nations Security Council resolutions and NATO decisions invoked to justify fighting.
“This campaign may be more unilateral than most, but it is not without precedent,” he said.
Under international law, the legality of the blockade is “more ambiguous,” said Jennifer Kavanagh, a senior fellow and director of military analysis at Defense Priorities, a foreign policy think tank in Washington.
For a blockade to be legal, Ms. Kavanagh said, it must be “effective,” meaning that it is both enforceable and enforced. Some would argue that a “‘global blockade’ is not permissible in conception” because it is overly broad, she said.
Still, expansive blockades have taken place throughout history, including during World War II, when states enforced naval blockades worldwide other than in neutral territorial seas. Over the centuries before that, the British blockaded France throughout the Revolutionary and Napoleonic Wars, and during the War of American Independence, the colonies and their allies raided British shipping as far away as the Indian Ocean.
Enforcing expansive blockades is difficult, however.
“The seven seas are a big place, and the largest navy or coast guard is tiny by comparison,” Mr. Holmes said. Whether the U.S. blockade ultimately is deemed “effective,” legally speaking, will depend on whether the U.S. has enough assets like ships, aircraft, boarding crews and intelligence gathering to enforce it.
The blockade does not have to be “airtight” to meet the legal test, Mr. Holmes said, and assessing its effectiveness will be tough for outside observers in any case.
Enforcement may also have to be somewhat selective, he suggested.
“Now, it is possible our leadership might quietly let a ship proceed when it suits the national interest,” Mr. Holmes said. “For instance, with a summit coming up between President Trump and General Secretary Xi” — Mr. Trump is to meet with China’s leader, Xi Jinping, in May — “Washington might not want to ruffle feathers by obstructing China’s oil imports.”
The expanded blockade is part of a longstanding economic campaign against Iran, but it represents something of a tactical change for the Trump administration.
Earlier in the war, the United States temporarily lifted sanctions on Iranian oil at sea to ease the pressure on global energy prices. And before imposing a blockade on Iranian ports last week, the U.S. allowed Iranian tankers to transit the Strait of Hormuz for the same reason.
Now Washington seems to be returning its focus to keeping pressure on Iran.
“The blockade is a wartime extension of existing U.S. economic sanctions against the Iranian regime,” said James Kraska, professor of international maritime law and a visiting professor at Harvard Law School. In peacetime, he said, the sanctions were a “powerful tool to weaken the Iranian economy.” Now, he said, the blockade serves as a “kinetic expansion.”
General Caine’s announcement about the expanded naval blockade came one day after Treasury Secretary Scott Bessent announced “Operation Economic Fury,” an effort he called the “financial equivalent” of a bombing campaign. It includes secondary sanctions on institutions internationally, like banks, that have dealings with Iran.
The expanded blockade “marks a notable escalation by the United States,” said Ms. Kavanagh.
Still, she said, it is unlikely to significantly change Iranian calculations.
“For Iran, this war is existential and it is not going to cave easily or quickly,” she said. “Economic pressure may work over the very long term, but Trump seems too impatient for a deal to wait it out.”
World
Deadly shooting at historic tourist site leaves one dead, several injured as motive unclear
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A Canadian woman was shot and killed Monday, and several others were injured, before a gunman took his own life at Mexico’s popular Teotihuacan pyramids.
Mexican officials said that four people were wounded by gunfire and two others sustained injuries from falls. Among the injured were tourists from Colombia, Russia, and Canada, according to local government reports via The Associated Press.
A firearm, a bladed weapon, and live cartridges were found at the scene, Mexico’s Security Cabinet confirmed on social media.
The Pyramid of the Moon and the Pyramid of the Sun are seen along with smaller structures lining the Avenue of the Dead in Teotihuacan, Mexico, on March 19, 2020. A gunman killed a Canadian tourist and injured several other before taking his own life at the popular site, authorities said Monday. (Rebecca Blackwell/AP)
“Our thoughts are with their family and loved ones, and consular officials are in touch to provide assistance,” Canada’s foreign ministry said in a social media post.
Mexican President Claudia Sheinbaum wrote on social media that the shooting would be thoroughly investigated and that she was in contact with the Canadian Embassy.
TOURISTS TRAPPED IN PUERTO VALLARTA RECOUNT CARTEL RETALIATION AFTER EL MENCHO KILLED
Mexican President Claudia Sheinbaum speaks during her morning press conference at the National Palace in Mexico City on Jan. 5, 2026. (Raquel Cunha/Reuters)
“What happened today in Teotihuacan deeply pains us,” she wrote. “I express my most sincere solidarity with the affected individuals and their families.”
MAJOR DRUG LORD ‘EL MENCHO’ KILLED IN MEXICAN MILITARY OPERATION WITH U.S. INTELLIGENCE SUPPORT
Sheinbaum said she has instructed the Security Cabinet to investigate the events and provide all necessary support to the victims.
People visit the Pyramid of the Sun in the pre-Hispanic city of Teotihuacan near Mexico City, Mexico, on March 21, 2024, following the spring equinox. (Henry Romero/Reuters)
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“Personnel from the Secretariat of the Interior and the Secretariat of Culture are already heading to the site to provide assistance and accompaniment, along with local authorities,” she said. “I am closely following the situation, and we will continue to provide timely updates through the Security Cabinet.”
The pre-Hispanic city, located just outside Mexico City, was once one of the most significant cultural centers in Mesoamerica.
Fox News Digital has reached out to Canada’s foreign ministry for comment.
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