Memo: President Barroso entrusts Mr Mario Monti with the mission to prepare a report on the re-launch of the Single Market

The Single Market is the cornerstone of Europe's integration and sustainable growth. As the European Union approaches the 20th anniversary of the symbolic date of 1992, President Barroso believes, as announced in his Political Guidelines, that the Single Market requires renewed political determination so that it can withstand the threat of economic nationalism and fulfil all its potential. President Barroso therefore decided to entrust Mario Monti, President of Bocconi University and former Commissioner for the Internal market, Financial services and Tax policy (1995-1999) and for Competition (1999-2004), with the mission of preparing a report containing options and recommendations for an initiative to relaunch the Single Market as a key strategic objective of the new Commission.