The EU Single Market in crisis: "the engine is sputtering"

The industrial economist first gave an overview of the evolution of European value chains and the state of Europe at different speeds. He then discussed three economic policy fields for the reform of the internal market: national reforms in the European semester, the protection of the internal market against external political influences, and European aspects of digitisation and 5G. According to Friesenbichler, until recently the EU and its internal market could be described as a convergence machine. That, accordingly to Friesenbichler, no longer holds – "the engine is sputtering".