The Forum of Free Enterprise is a non-political organization founded in 1956 by A. D. Shroff, and has been established to educate public opinion in India on free enterprise and a democratic way of life. The Forum publishes booklets to further its objects. The following booklet is titled “European Economic & Monetary Integration” was published in September 1999 and was authored by S.L.N. Sinha. The author discusses the progress made in European economic and monetary integration. The author explains the fifty-year evolution of European economic and monetary cooperation. Further, the author elucidates the European monetary system. The author discusses the Delors Committee Report and it elucidates the report was a far-reaching document, the two most important recommendations being the introduction of a single currency for the European Community and the establishment of the European Central Bank, as the prime monetary authority, the central banks of member states being a part of the European System of Central Bank. The author discusses the evolution of the European Monetary Unit and the Independence of ECB and ESCB. The author explains the institutional machinery of the European Union. The author concludes with the discussing Problems and Prospects of the European economic and monetary union.