Lords to examine EU single market

23rd July 2010

The House of Lords EU committee is to examine the union's single market as part of a new inquiry.

The sub-committee on the internal market, energy and transport will begin next week with an evidence session with former EU Competition Commissioner Mario Monti.

Professor Monti is the author of A new Strategy for the Single Market, a report commissioned by European Commission president Manuel Barroso.

"Mario Monti is the perfect witness to kick off our inquiry into the EU single market," said sub-committee chair Baroness O'Cathain.

"Not only is he a former Competition Commissioner he has massive influence on the European Commission as was shown by his being asked to write a report on re-launching the single market.

"His proposals for reconciling different market models across the EU are likely to provide an important contribution to the debate in the EU."

The single market celebrates its 20th anniversary in 2012 and the European Commission intends to celebrate with a white paper on its re-launch.

The single market has faced criticism in Europe since the financial crises for an alleged bias towards the Anglo-Saxon market model as opposed to the social market model operated in parts of mainland Europe.

The Lords committee will consider if the current economic conditions requires a re-think of the single market.

The evidence session is on Tuesday at 3pm in committee room 2 - it will also be broadcast live on parliament.tv

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