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The European union has virtually eliminated trade restrictions among its members, and most members now use...

The European union has virtually eliminated trade restrictions among its members, and most members now use a common currency. What impacts have these changes had on European economies?

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Due to this elimination off using different currency they will have common currency which will have positive impact as there are also no trade restrictions .The currency can be used in any European country with out any exchange rate and they can trade their goods in any European countries with out any tariff rates or currency exchange rates. The European firms will establish their in any European country and the market increases and there will growth in economies and also FDI in different countries based on their requirements and there will be cooperation for any country from other country. All these show a good sign for the European countries as it will help them to grow faster with the help other countries also.

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