The EU has changed beyond recognition since the "six" signed the Treaty of Rome in 1957. It is now a major driving force in the economic and social policy of all member states, With economic and monetary union becoming a reality, Europe is set to maintain that rapid pace of change. Newly revised to take in the changes brought about by the EMU, this text provides an in-depth study of the economic principles underlying the decision to extend the scope of the European Community. There is an updated survey of the decision-making institutions, including the fisheries and factor movements, foreign policy and defence, social regional and industrial policy, energy and the environment - are given equally comprehensive treatment.