EU to open up services sector in revamp of single market

Brussels

THE European Commission wants construction and engineering companies to expand beyond national borders under a broad revamp of the EU single market to open up service sectors and revive sluggish economic growth in the bloc.

The single market helped make Europe the world's largest economy by facilitating trade between European countries, but after decades of growth the common project shows signs of moving backwards as states are keener to protect national industries in a stagnating economy.