On paper, Europe is a single market. In practice, scaling a company across it can still feel like starting over at every border.
Alfred Kammer, then head of the IMF’s European Department, put a number on it: internal EU barriers to trade may be equivalent to tariffs of around 44 percent on goods and 110 percent on services.
That is one reason the EU is now discussing „EU Inc.“, an optional 28th legal regime meant to make it easier to build and scale a company across Europe. But laws are only part of the problem — companies also need customers, partners, talent and capital across borders, not just fewer forms.
A good company does not become better because more people know its name. But it can grow faster when the right people and the right capital find it earlier.
Source: IMF, Alfred Kammer, Oct 2024 · IMF, Nov 2024