Includes bibliographical references and index.

ch. 1. The paradigm of a continental economy / Manoranjan Dutta -- ch. 2. The European Union : an economic overview : a paradigm of unity in diversity / Manoranjan Dutta -- ch. 3. Historical progression of the EU / Manoranjan Dutta -- ch. 4. The theory of supranational macroeconomics / Manoranjan Dutta -- ch. 5. The euro and the European Central Bank (ECB) : theory of optimum currency area revisited / Manoranjan Dutta -- ch. 6. The constitution for Europe : the treaty of Lisbon / Manoranjan Dutta -- ch. 7. The EU and the USA / Manoranjan Dutta -- ch. 8. The EU : a learning model / Manoranjan Dutta -- ch. 9. Challenges ahead : can Europe be saved? / Manoranjan Dutta -- ch. 10. The European Union : search for options / Manoranjan Dutta.

The United States of Europe considers the post-WWII transition of Europe from a diverse and disparate continent to the economically integrated European Union of today. Initiated by the Benelux Customs Union, and later the European Coal and Steel Cooperation, the six-member European Economic Community was formed in 1957, becoming the EC in 1967, and finally the EU in 1992. This process of Europeanization reached its zenith in 1987 with the approval of the Single European act, creating a single market economy. This was followed in 1993 by the Maastricht Treaty, defining the intra-EU macro- and micro-economic parameters. The inauguration of a single common currency, the euro, on 1st January 1999 was a further innovative step, a process that has enabled the EU-27 to enjoy a competitive share of the world GDP and trade.

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