Article Abstract:
The launch of the euro on Jan 1, 2002, is a major event but does not in itself form a European single market for business. National factors which affect economic integration include language, economic infrastructure, administrative standards and laws and religious and social factors.
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Article Abstract:
The move toward European monetary union gained impetus as a result of the removal of trade barriers that resulted in the Single European Market Act of 1992. However, the future of monetary union is uncertain, and even the viability of the unified market is now in doubt.
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Article Abstract:
The EC's move toward formal economic union reflects the economic integration which already exists in trade practice between the nations of Europe. The existence of national borders has become irrelevant to trade among the EC member nations.
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