European Economic Integration: The Common Market, European Union and Beyond

This is an up-to-date survey of economic and political integration in the European Union. Recent key developments deriving from the Maastricht Treaty and the Single European Act are highlighted, including the completion of the Single Market, the prospects for EMU, the Community Budget, and the reform of the CAP. The main ingredients of EMU are discussed and the Maastricht monetary plan is critically explained. This is followed by an analysis of the Community budget to 1999 and the related reform of the CAP. The book also surveys the two other treaty pillars: Co-operation on Justice and Home Affairs and the development of Common Foreign and Security Policy. The survey concludes by reviewing the factors which have stimulated the process towards an even closer union and identifying the challenges which still face the Union as it moves towards the second millenium.