This is an accessible and comprehensive introduction to the key aspects of the European Economy that, uniquely, looks at the whole of Europe from the Atlantic to the Urals, rather than just the EU. Promoting awareness of the wider issues facing european policy makers, particular emphasis is placed on the impact of the collapse of communism on Western Europe and the importance of changing industrial structures in Europe. Entirely updated, the new edition includes coverage of enlarging the EU eastwards, reintegration of Eastern European economies, macroeconomic policy coordination in the EU and a new chapter on biotechnology.