The U.S. lost its seat to the European Union as the world's largest economy. ( source: IMF and CIA World Fact Book ).
The European Commission estimates that the EU's single online market is worth more than €100 billion in revenue a year.
Achieving a digital single market is a top priority for Europe... top of the list of all policy initiatives to re-launch the single market project," said Viviane Reding the EU Commissioner for Information Society and Media.
With a single market, free movement of people, goods, services and capital, we also have 23 official languages spoken by more than half a billion people.