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.

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