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Delivering super-fast broadband across the European Union could provide a significant economic boost, it has been claimed.

The European Commission (EC) believes the rollout of 30Mb broadband across all 27 member states could see an extra £93.29 billion generated per year, reports ISPreview.co.uk.

Under the EC's Digital Strategy, all EU citizens should be able to access a minimum of 30Mb broadband by the end of the decade.

Neelie Kroes, Vice President of the EC, said the union is wealthier and more competitive because of the Single Market.

"But it is not a true Single Market if the internet and other telecoms are excluded," she stated.

"The digital Single Market is coffee for the economy, we'd be mad not to drink it."

In order to fully reap the benefits of super-fast broadband, the EU has called for reduced regulatory fragmentation, greater European standardisation and more coordination of the activities of national telecoms regulators.

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