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The European economy is facing a deeper recession and a slower recovery than the United States or other parts of the world. With the EU`s $18.4 trillion economy accounting for 30% of the global economy, their prospects are likely to recover in the United States, Asia and other regions.┬áStaring into the Abyss, Economist, July 8, 2010, recalled December 28, 2010, www.economist.com/node/16536898. The definition of the EU banking system is particularly difficult, as sixteen of the 27 countries share the euro and a central bank, but banking regulation remains largely under the control of national governments. Liz Alderman, “Contemplating the Future of the European Union,” New York Times, February 13, 2010, called April 30, 2011 www.nytimes.com/2010/02/14/weekinreview/14alderman.html. Regional integration generally begins with economic integration and includes political integration. We can see integration as a benchmark, as the 0 is not at all an integration between two or more countries. Ten would mean full integration between two or more countries. This means that the integration states would in fact become a new country, that is, full integration. It could also be said that on the table below, there is 1-4 for economic integration, while 6-10 is synonymous with political integration. Half-time, 5, represents the internal market or the completion of economic integration. Given that the economies of cooperating countries are fully integrated into an internal market, it seems necessary to put in place common social policies (education, health, unemployment benefits and pensions) and common political institutions.

This is political integration and its culmination occurs when cooperating countries are integrated in a way that conducts the same foreign policy and brings their armies together. In fact, they are a new country. Business creation. These agreements create more opportunities for countries to trade with each other by removing barriers to trade and investment. By reducing or eliminating tariffs, cooperation translates into lower prices for consumers in bloc countries. Studies show that regional economic integration contributes significantly to relatively high growth rates in less developed countries. One of the challenges for businesses is to be outside a new trading bloc or to have the “rules” governing their sector change as a result of new trade agreements.

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