Is a “true single market” is possible in Europe?

A Nobel prize winning economist has said there is no true European single market. Phillipe Aghion says Europe is falling behind the US in terms of innovation because the market is over-regulated and punishes failure at every turn. If the EU is to keep up with Washington and Beijing, the barriers to entry need to be lowered. Economics lecturer from Technical University Dublin, Emma Howard joined Pat in studio to discuss whether a “true single market” is possible in Europe.