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The Single European Market and associated policies

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Abstract

In  Chapter 5 the introduction of the European single market will be considered, including its rationale, how successful its implementation has been so far, and its impact on European businesses. The Single European Market, or internal market as it is also known, has additionally provided the motivation for a number of other EU policies which will be examined here. Firstly there are the economic and monetary aspects of the internal market. If the EU is to compete successfully in global markets there is a clear need for stable exchange rates between EU members and ultimately the introduction of a single currency. From this the next logical step is consideration of economic and monetary union – including one central bank, common monetary policy and, in time, common fiscal (taxation and expenditure) policies.

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© Neil Harris 1996

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