Translate the following English sentence to French:
"He recognised that the combined impact of the single market and the single currency that characterise the process of the European Union's construction is intimately linked to a huge amount of new regulations."
Il a reconnu que l'effet conjugué du marché unique et de la monnaie unique qui caractérisent le processus de construction de l'Union européenne est intimement lié à un volume énorme de nouvelles réglementations.