TABLE OF CONTENTS
Overview
Foreword
Introduction

Europe: A Still Enviable lifestyle
The Role of European integration in This Overal .Success
The Contribution of European integration to This Overail Suceess:
A Few Figures
Comparative Cost of the EU and .Aid to Developing Countries'
European integration :An Archimedean Lever for all Mernber States.
Europe s Contribution Underestimated of Even Denied
A Suecess That Respecis Diversitv at the Sarne Time
A Balance Sheet in .Jeopardy?
A Kev Indicator: Labour Productivity
Work Productivitv: An Essential Parameter for Quality of Life too
Social and Societal Ills
Europe: Heading for a Better Place

TITLE I EUROPE AND PROSPERITY
Europe and tho horns of plenty
Chapter 1 Completing the Single Market
Introduction: A Large Single Market. Rernarkably Compact and... Under-Exploited
A Single Market
General Benefits
Benefits for Consumers
Other Benefits for Businesses
Internal Market and External Dimension
Europe and Direct Investment in the resto of the World
Direct lnvestment in the EU
Denonstrating the benefits of the Single Markel Through the Absurd:
The United Kingdorn After Brasil
2.A Large Market...in a Smail Arca
3.A Large Market that Is Clearly tinder-Efticient
4.A Large Market rhat Is Incrcasingly Under-Eflicient
A Weak Single Market in Services
Protectionism has the Wind in its Sails
A. A Single Market to Be Completed and Liberalised
1. Towards A Barrier-Free Playing field particularly for SMFs:
Mutual Recognition of Goods and Services Current Situation
In Favour of a Genuine General Priciple of mutual Recognition
No Restrictions Without Prior Authorisation from the European Commission
lnmediate Gains in Econonics Dynamisrn
A .Plavground Finally Open to SMEs
Médium-Term Gains (i):More Self Financing
,Mediun-Term Gains (i): More Investment in, R& D&I
Possible Accornpaniing .Measures for:Mutual Recognition
Completing the Single Market Is vïtal for the European Social
Democratic Model.
2. A Large Playing Field Where the Rules Are Better Respected
Towards a more Effective Crackdown on Protectionist Measures
Need for a Change of Mindsed Maily on the Part of Member States
3. For a Great Playground. Not a Morgue: Toards a Recalibration
Of European Regulations
4. Towards a Positive Dynamic with Unsu.spected Cascade Potential
5. A Great Plaground Despite Linguistie Diversity
Beyond solutions Potenticil
B. A Single Market to Be Strengthened and Irnproved
Over the Long Temi: Six Priorities
How Can the Dynamic proposed abive be consolidated and Sustaned.
1. A Frameork Conducive to R&D&l
Bat Where are the European products and Services of Tomorrow?
A Persistent Lack of R&D&J
The Crucial Importance o[ Completing the Internal Market
For Scientific and Technological Progress
Aggravating Factors
A few areas for Irnprovetnent
(i)Facilitating the Filing of Palenis
(ii) More Funding
The Financial System in General?
Towards a Framework That Encourages Private Invcstment?
More Public Funding
More State Aid and Other National Public Funding?
More European Public lunding?
Public Seed Funding aLever ftr lrivate lnvestmcnt
(iii) Research, Entreprcneurship and Nlarkct Inicraction
Towards a Genuine European Research Arca (ERA)
(v) Promoting Science and Technology Courses
(vi) Miscellaneous
2. A Dynamic. Eco-Responsible Industrial Polic That Respect
Competition Law and Is Well-Informed
Benefus of Reindustrialisation
EU Industrial Policy ResponsabiIities
A New Strategy
Reindustrialisation and Eco-Responsibility
Industrial Policv and Competition Law
Dvnamic Yes but with Discenrment
3. A Safer More Ffticient and More Complete European Financial System
Part One. the Benefits of a Strong Financial .Svstern for Europe
(i)Finance; A Sccond Engine for the Real Economy
(ii) The Financial System: The Equivalente of an Export Sector
(III)The Euro: A Potential Additional Driving Force
(iv) Finance. the Technological Revolution and Other Chailenges
Of OurTirne..
(v) Finance: A Relatively Clean Sector
Part two: Weaknesses ia the J'olkv Pursued Since lhe Financial Crisis
(i)A Cancer Fhat Vias Nol f3een Eradicated: Bad Bank Deht
(ii) lncreasingly Burdensorne, 1)estructivc and Ineifective Regulation in lts Place
Part Three: Some suggesfions
(i)For a More Targeted Approach
(ii) LeL Us Rehabilitate Financial Innoation and Invest In Financial Education
(iii) Fora StructuralíModern Supply-Side Policy
(iv) Towards More Market Finance? Na III-Considered Debate - towards a Miultipolar European Financial Sector
For a More Aware Europe That Looks After [ts
On Interests
4.Worker Mobility and the Development of Human Capital
Mobilitv
(i)An Asset Against Unemployment - The Prospect Of a Better Life
ii) Mobility: A Freedom That Is Insufficiently Used
(iii) Mcchanismsto Promote Personal Mobilitv.
(iv) Suggestions for Other Mobility Incentives
(v) Freedom of Movement and Solidarit
Human development
(i)EU responsibilities in Employment. Education and Training
(ii) Towards l3etier Support for Workers Wanting tu Start A Family?
(iii) Music, Images and Languages..
(iv) Towards a Reorganisation ofEducation Systems?
5. Transport
Transport Networks and Prosperiiv
European Deficiencies
Investments to Be Planned and carred Out
Environmental Dimension
More Balanced and Cornplementari modes of Transport
(i) Inland waterway Transport
(ii) Rail Motorways and Combined rransport
(iii) What About Road and Air Transport?
Complementary and .alternative measures
6. Energy
Issues
Energy Self-Sufficiencv
Diversification of supply
The Place and Role of Nuclear Power?
Securitv of Suppy and Whether or Not Energv Sources cam be controlled
For a Principie of Neutrality
Cost of energv
European .Achievements in Renewable Energv and Energy efficiency
R&D&l and energy
Another Kev Index: The Energv intensity Rate
Energy sr Intensitv and Efficiencv :A Shared Responsibiliíy.
C. Preferred Method: A Structural or Modern Supply-Side Policy
and a Systematic Search for Added Value
1. Working on the So-CalIed Missing Factors: A Structural or Modern
Supply-Side Policy
,structural or .modern Supppy policv: Avoiding Confusion
The EU Ability to Pursue a Structural ,modern Supply-Side Policy
2. Any European Initiative Must Deliver Significant Added Value
Toward More Stringenz monitoring of Compliance winh the Principie
of Subsidjarjtv
3.The Principie of an Open Market Economy With Free competition
In Favour o favour of a more Binding Principle of Respect for an Open
Market Economy
yés to a Leve Playing Field, to a European Level Dying Field
4. Towards a Virtuous triangle of the Eco-Responsible Social Market Economy
A Twelfth Dunk whose neck needs wringing: The Race
To the Boiton
For a clever welt tempered Approach
Towards a Fair Share of the fruits of new Regulation
5. A Major Asset for European Societ: Standard
Some examples of European Standard.s
Standards Implications for European legislators
6. Towards self linitation and More Evaluation
Concice Legal Framework
Towards Independent Impact: lssess,nents
7. Conclusion: Towards a Structural Modern Suppy Policy for the Internal Market
What Gains in GDP cam be Expected From the above Proposals?.
D. Afterword: Two Piltars to Maintain. the Cornmon Commercial and Competition Policies
1. Common Comrnercial Policy
2. The Contribution of European Competition Law
The Role and Added válue of antitrust Law and merger Control
A PoIicy work Reviewing'
Chapter 2 Prosperity and the Public Sector
A. Sound Public Finances and Budgetary Responsibility
Pillar of European Integration
A Discipline That Respects National Diversity
perception of budgetary Discipline in the member States
Heality Public Einances: An Asset or aweakness for Europe?
The maastricht criteria: not all That Ineffective
Towards a Change in European budgetarv Rides
European integration. fiscal Responsibility and solidarity
mechanisms

B.Fiscal Governance and Macroeconornic Surveillance
1.The European Semester
Other Topics examined
The European Semester a Potential Goidmine
(i)Budget Preparation Procedure
(ii) Composition of Budgets
(iii.) Managing Member States Public Debi
(iv) Extending the Areas Covered
2.Multilateral Surveiliance
Are we moving Towards an extension of .Surveillance to include
Major Econonic. Societal and enviromentaI Balances ?
C.ECB Monetary Policy
Underlying Principies
Temperarments and Trends Since 2008
Risks and Challenges
D.The European Recovery Plan
Assessment
E.Control of State Aid and SGEIs: An Incentive to Better Design
Public Initiatives
Why is State aid Banned in Principle?
The Discipline of state aid Control
Towards a,, improvement in State aid I,aw
Services na General econonic interest SGEIs.
(i)Notion
(ii) SGEI and Respect for National Diversity
(iii) The SGEI Matrix .
(iv) lowards an Improement in the SGEI Discipline?
F.An Economic Policy That Respects an Open Market Econoniy
With Free Competition
Presetation
Pretential of the principle
So What are the best Interventions?
Open economy and public economic action
Foresig/u: The Link Between lhe Principie qfan Open ;tlarkei
Lcononv and PubIic Ecunomic iction
(i)Pubiic initiative. Vilhancing Economic Market Activity
(ii) No Premature or Excessive Pub!ic intervernion
(iii) Typology ofCombinations Between Privare and PuhIic
Enitiatives
(iv) The Principie of lhe Open Eeonomy and Fechnoiogicai
Change
(v) The Potential for Promoting Efficient Resource Aliocation
Conciusions and Costing ofGains From the Public Sector
UnionProject

TITLE II DEVELOPMENT AND SOLIDARITY
Chapter 1Economic, Social and Territorial Cohesion Policy
A.Cohesion Policy Throung the Structural Fund
The Structural Funds
An. Assessnent of the Work of the Structural Funds
(i)Positive Elernenis
(ii) Impairments
(iii) Suggestions
B.The Work of the European Investment Bank (EEBC
C.The European lnvestrnent Fund (EIF)
D.The Juncker Pian, InvestEU. the EIB and the EIF
Towards a STrengihening of the EU Financial Actio Rather
Than Its Budgetary capacity?
E. The Potential of Economic. Social and Territorial Cohesion
Policy
Towards a Afore Structured Europe?
Towards Greater Coordination bettween member states
Towards Strengthening Each member states
F.Conclusion
Chapter 2 Social Europe, Social .Justice, Social Democracy
Why Is There So Much Social Disillusionment Wiih.
and Even Distrust of Europe?
Europe Social Responsibility
Solutions?
A Structural, modern and Comprehensive Supplv Policy?
Towards .more Proactive, Even more invasive and Authoritarian
measures?
(i)Towards the introduction of a Minimum Hourly Wage?
(ii) Tovards a Compensatory Allowance for Low-Productivity
workers?
(iii) Social Responsibility, of Cornpanies and Public Authorities?
(iv) A Tax on Wealth?
(v) Shareholder of bondholder in the EU Company?
(vi) Social Mobilit
(vii) Birth Rale and Family Policy

TITLE III EUROPE AND ECO-RESPONSIBIL1TY
Chapter 1 Protection of the Environmenl - combating
Climate Warrning
Review of european . action
Bui now it s time to Shift lnto Overdrive
(i)One Priority: Technical Progress
(ii) For a Global. Svsternaiic and Graduated Approach
(iii) A Pragrnatic. Lclectic and 1 lolistie Approach
(iv) Iowards a Carbon lax?
(v)General Mobilisation'
For a Resource .tíanagemem Sociey
Chapter 2 The Common Agricultura] Policy (CAP)
CAP:An Engine That Is Rapidly Overpowered or Even Oversized
From the Outset
The CAPSome Perplexing findings
Some Areas for improvement?

TITLE IV EUROPE, GREATER FREEDOMS AND DEMOCRACY
Chapter 1 Europe, a Tool to Protect Values., the Rule of Law and Freedoms
Europe, The Protection of minorities and the Cohahitation
Of Comnunities
Europe and Democracy
Europe. the Rule of Law. and Freedoms
Europe:A Counterweight, a Force for moderatian and Questioning
Tb%iards ,4dditional Contributions ia !reedo,n and Dmocraci
Chapter 2 Where is the European Political Society (at)?
A European Polítical Society Is still missing
Causes of the Absence of a European Política! Society
Towards Better Identification of the Respective roles
Of the .memher States and the European union
Some proposals for the Emerence of a European Polítical Society

TITLE V EUROPE AND ITS NEIGHBOURS: GENEROSITY, STABILITY AND SECURITY
Chapter 1 Development and Migration Policies
A. Developrnent Aid Policy
B.Migration Policy
Chapter 2 Defence Policy
Conclusions
Europe:A Gentle way of life
Threatened
A Sign of Our Loss of Speed:
Productivity at half Mast
A Gentle way of life can Nevertheless
Be Saved and Strengthened
A Major Asset to Be Exploited to the Full: The Domestic Market
Towards Generalised Mutual Recognitiion 0f goods and Services
SMEs in ali Member States, Get Up!
For a Minimum Organisational Base Common to all companies
More Public Education on the Single Market
Towards a Recalibration and Moderation of the EU Standard-Setiing Actívity
Other Urgent Measures
AT the Sarne Tirne, a Supportive framework
(i)R&D&I Efforts
Technical Progress Is Vital for Europe
For a Substantial Reduction in the Cost of Patents
More Lncenties to Innovate
Towards More lnvesrnient in R&D&I
Other Measures to Promote Research
(ii)Reindustrialising Europe
No turning Back lit: Eco-Responsible Reindustrialisation
No turning Back (ii: An Industrial Policy That Rcpect
Market Economy Where Competition is Free
And innovative
(iii) A Financial Sector Ihat Is Healthv, Liberated. Complete
and Innovative All at lhe Sarne Time
The uneheeked Cancer of Bad Bank Debt
The unsuccessful and Poorly Adapted Altempt of Shift
To Market finance
For a multipolar financial System
For an inovative Financial Sysiem and More Financial Education
(iv) People Mohilitv and Human Capital
Mobility Initiatives
Fraining and 1 luman Capital Dcvelopment
lowards a !etier Work-Life Balance
(v) Transport
(vi) Energy Policy
Preferred methods and Instruments for Establishing a Supportive framework
(i)A Structural Modern Supply Policy
(ii) A Sytematic Search for Added Value
(iii) Towards a Virtuous Triangle of the Fco-Responsible Social Market Economv
(iv) Towards the Development of More Standards
.An lmproved Single Market: Added Value in Figures
B. The EU: A Booster for Public Managernent
(i) Guaranteeing the Key Balances
The sustainabiIitv of Public Finances
Price Stability
Monitoring macroeconomic, Social and Environmental Balances
(ii) Towards More Proactive and Effective Public Action
Beyond Balances: A Contribution to a More Proactive Approach
Beyond Balances (ii): Structural improvements in Public Managernent
Greater Respect for the Principle of a Market Economy
EU: An Opportunity to Renew Private-Public Interaction
Some Private-Public Synergies
Added Value of Financial lnstruments in the Pursuit
of General lnterests
Improving Public Actiori in the EU: Forecast Results
C. Prioritv for lnvestment
Target Figures
D. For a More Inclusive Society
The Contribution of a Comprehensive Structural Policv to Social Justice
If the Structural Policv Is Inadequate. a More Proactive Approach
Is.needed
E. The Environrnental Challenge: Fundamental but Not the Most
Difficult for Europe
F. Democracy and Freedoms: Precious Assets to Be Preserved And Strengthened
G. Foreign Policy
H. The European Union
A Booster and a Lever
Targets for 2030
Appendix: Practical Recommendations