European economic integration represents one of the biggest changes in the the structure not just of the national economies of Europe but of the global economy itself. As the pace of change accelerates economic integration cannot be achieved without a range of policy changes, such as social and environmental policy which go beyond the purely "economic". This book covers the broad agenda of integration by focusing in three parts on: the single market, customs union, monetary union and EC budget; the range of policies required to implement these unions; the way in which European integration affects Europe's relations with the rest of the world. The book assumes only a basic knowledge of economics making it useful for students of business studies and European studies as well as economics. It also examines the effect of German reunification on the European economy for an up-to-date analysis of the European state,