An excellent article in New Left Review a while back pointed out that the then Common Market was originally set up to counter the then perceived threat of the USSR, to promote capitalism in Europe, and to give Europe a greater say on the World Stage against the hegemony of the US.
In fact it is argued De Gaulle of France was originally against the UK joining because he believed it would act as a Trojan Horse for the US (which eventually happened) and the dollar was soon to dominate which I would add may explain the enthusiasm of some for the Euro. Continue reading

