The extreme widening of the exchange rate margins last summer has transformed the EMS from a multilateral fixed rate system into a system of unilateral exchange rate pegging. Professor Neumann characterises the current state of the EMS, outlines the major defects of the system and makes some...

Economic insecurity and poverty represent a growing problem in the European Community today, with the re-emergence of absolute poverty on a scale unknown since the 1940's. Are we creating a new “underclass” in the midst of our still prosperous societies?

The enlargement of the European community to include Portugal and Spain has focussed public attention on the EC's relations with certain other states bordering the Mediterranean; Israel, Morocco, Tunisia and Cyprus in particular fear that the competitiveness of their exports to the European...

The European Community has frequently been blamed for impairing, through its highly protectionist agricultural policy, the development chances of Third World countries. Our article analyses whether, and to what extent, this reproach is justified.

The recent announcement of the French Government's decision to support the French agriculture this spring by direct income transfers to the tune of ffr 4.6 bn brings home the fact that some national governments need national autonomy in agricultural policy. Regrettably it seems to foreshadow an...

After ratification by member countries, the "Luxembourg reform package" worked out by the European Council at the end of 1985 is to provide the basis for the development of the European Community into the nineties. What are the challenges facing the EC? What opportunities do the Luxembourg...

The inclusion of Greece, Spain and Portugal in the European Community will result in grave consequences for the old members of the EC as well as for the acceding states. Which are the advantages expected from the southward extension and which problems are likely to arise?