EU Economic Policies

The principal objective of the EU – when first constituted as the EEC – was to make war in Europe impossible not only by developing a common system of law, but also by making the member states' economies completely interdependent.

This has been pursued by the creation of a single market and subsequently the establishment of a single European currency and monetary policy, by the co-ordinated conduct of economic policy by member states, and by joint action in international trade negotiations.