A common market with the added feature that additional policies - monetary, fiscal, welfare - are also harmonized across the member countries.
Related information about economic union:
- Economic union - Wikipedia, the free encyclopedia
 An economic union is a type of trade bloc which is composed of a common   market with a customs union. The participant countries have both common   policies ...
 
- Economic and monetary union - Wikipedia, the free encyclopedia
 An economic and monetary union is a type of trade bloc which is composed of an   economic union (common market and customs union) with a monetary union.
 
- Economic Union - Financial Dictionary - The Free Dictionary
 An agreement between two or more countries that allows the free movement of   capital, labor, and all goods and services, and involves the harmonization and ...
 
- economic union (international trade) -- Britannica Online Encyclopedia
 The term economic union denotes a common market in which the members   agree to harmonize their economic policies generally, as is the case with the ...
 
- ECB: Building deeper economic union: what to do and what to avoid
 Jul 17, 2012 ... Building deeper economic union: what to do and what to avoid. Speech by Jörg   Asmussen, Member of the Executive Board of the ECB, ...
 
- Economic and Monetary Union - European Commission
 May 23, 2012 ... Whilst all 27 EU Member States take part in the economic union, some countries   have taken integration further and adopted the euro. Together ...
 
- A Rocky Road to Economic Union - The Wall Street Journal
 Jun 8, 2012 ... As Europeans begin tentative talks on the look of a possible economic union in   the euro common currency zone, a look at the long road and its ...
 
- What is economic union? definition and meaning
 Definition of economic union: A common market involving more than one nation   based on a mutual agreement to permit the free movement of capital, labor, ...