Over 300 billion euros of the European Union's GDP is not captured annually due to the underutilization of the single market.

Omissions

• The original Letta report and Commission report frame the €300 billion as savings/investment diverted abroad, not directly as lost GDP. The MEP's characterisation as 'GDP not captured' conflates investment flows with economic output.
• No primary source was found that directly quantifies 'GDP not captured due to single market underutilization' at exactly €300 billion. The closest documented figures are about capital market fragmentation, which is only one dimension of single market underutilization.
• The Letta report was published in April 2024, and the Commission report in 2025. Both predate the session date, so the MEP could have cited them, but neither was explicitly cited in the speech.

Sources

• PrimaryEuropean Commission — 2025 Annual Single Market and Competitiveness ReportApproximately EUR 300 billion annually is invested not in the EU, but abroad, and mainly in the US, due to capital market fragmentation.
• SecondaryEnrico Letta — 'Much More Than a Market' report (Institut Jacques Delors)A concerning trend is the annual diversion of around €300 billion of European families' savings from EU markets abroad, primarily to the American economy, due to the fragmentation of our capital markets.