Economics, 3rd Edition

THE SINGLE EUROPEAN MARKET AND THE EURO

Following the devastation of two World Wars in the first half of the 20th century, each of which had initially 

centred on European conflicts, some of the major European countries (in particular France and Germany) 

expressed a desire to make further wars impossible between them through a process of strong eco-

nomic integration that, it was hoped, would lead to greater social and political harmony. This led to the 

THE EURO

There are currently 18 countries that have joined