Denmark and Germany are the countries that have benefited most from the European single market since its establishment in 1992, a study published on June 27 shows.
A study commissioned by the German Bertelsmann Foundation compared which of the 15 EU memeber states that founded the single market had made the most out of the free trade area between 1992 and 2012. In the two decades under review, Denmark secured an 500-euro per-capita increase to its gross domestic product (GDP).
Germany is second with a 450-euro income hike per inhabitant equalling 37 billion euros more annually to Germany’s GDP. The study compared economic benefits that stammed from the free movement of goods, services, capital and employees among the 15 founding nations, DW reports.
Authors of the study at the Swiss’ business research centre Prognos said southern European countries profited from the single market to a much lesser degree, with Greece practically not benefiting of its participation in the area since the 2008/2009 onset of the country’s debt crisis.
Source: Baltic News Network
http://bnn-news.com/denmark-germany-benefit-eu-single-market-117106