EUROPE - A single European market would see pension funds posting higher returns and thus result in more savings and better pensions, said European commissioner Charlie McCreevy.
The EU commissioner for internal market and services was speaking on the benefits of a European single market.
McCreevy claimed competition and open markets resulted in a win-win situation.
"A bigger, more integrated single market, offering at one and the same time more scale economies and more competition, spurs innovation and productivity," he said.
This will lead to companies registering higher profits which would mean shareholders, in many cases pension funds, would get higher returns.
That should deliver more savings and better pensions, McCreevy concluded.
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