From Single Market to Single Currency: Evaluating Europe’s Economic Experiment (1995)

The EC’s Single Market is currently being hailed as a resounding success by Euroenthusiasts of all persuasions. To supporters of this view the benefits of Britain’s access to the Single Market by themselves preclude any deeper discussion of other aspects of EC membership such as the CAP, the Common Fisheries Policy, the Budgetary contributions or even the loss of parliamentary self-governance. But how successful is the Single Market? How can its progress since 1 January 1993 be gauged? Do its advantages really outweigh its drawbacks? For too long these questions have not been properly addressed: the Single Market is simply assumed to work well rather than is proved to do so. A Eurorealist analysis of the Single Market is long overdue. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.