00:00Secondo, we really have to strengthen the single European market.
00:08There are far too many barriers here or hurdles.
00:11Let me give you a figure.
00:12The IMF has looked at me and said that the barriers in the single market of Europe that
00:19still exist equal tariffs to the amount of roughly 40% on goods and roughly 110% for
00:28services.
00:29These two figures give you an idea of the potential that can still be tapped here.
00:35The Commission itself empties up the worst berries of the terrible 10, so these hurdles
00:42or berries have to be abolished.
00:45And one suggestion made by the Commission, which we support, is that we introduce a
00:5128th regulation that only applies to the European Union, not affecting the national regulations.
00:58This is especially meant to apply to the start-up sector that we get a single European regulation
01:05without the need for change or amendments of national legislation, which is what we call
01:11the 28th Regulation.
01:14And the Commission will do that.
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