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The European Union is taking a big step toward its goal of creating a "social economy" that's as competitive as the single market.
A 147-page report by former Italian prime minister Enrico Lettawho helped create the single market 30 years agocalls for social enterprises to be allowed to operate across borders and to receive financing from the EU as a whole, the Guardian reports.
"The social economy is recognized for its significant contribution to the European economy and in the sustainable and inclusive development of local economies," the report says.
"However, it is explicitly observed that continuing the development of the single market should not come at the expense of the environment or society."
The report calls for "an acceleration of the strategic use of public procurement to support the social economy," and notes that "creating the right environment for the social economy to thrive will not only lead to further job creation in the sector, but will also contribute to strengthening the social dimension of the single market," the International Business Times reports.
But not everyone is thrilled with the report: "While many may be feeling apprehensive about the future of the social economy, it is also vital that there is a continued interest in 'completing' the single market," the report's authors say.
(The
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