The European integration process witnessed a
gradual evolution in terms of economic integration. The European Economic
Community was created as a Customs Union. Yet, history witnessed:

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An Economic Union in 1992 for all member states
of the European Union when the Maastricht Treaty came into force.

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An
Economic and Monetary Union in 1999 for all member states of the European
Union.

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An Economic and Monetary Union in 1999 for 11 member
states of the European Union

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A
Single Market in 1987, when the Single European Act came into force.

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The European integration process witnessed a gradual evolution in terms of econo...

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