Critics of the EMS claim that it has failed to realise the hopes aroused at the time of its inception; a convergence of economic policies, they maintain, has not been induced by fixed exchange rates. What is the true position with regard to the convergence of economic policies?

The none too firmly established position of the IMF with regard to the realization of the objectives of its Articles of Agreement has been additionally impaired by the establishment of the European Monetary System. From an international point of view a revision of the present EMS concept would...

The need for a uniform European system to control mergers seems ever more urgent as the advent of the European internal market draws closer. What proposals and approaches already exist for European competition law? How should they be assessed?

The liberalisation of capital movements and the creation of a market without internal frontiers within the European Community have far-reaching consequences for the European Monetary System. Sr. Wolfgang Schröder analyses the opportunities and risks associated with these developments.

Additional state intervention harbours the danger of increasing inconsistencies; this is especially true if there is no clear demarcation of duties between authorities at different levels, as is the case in many spheres within the EC. The plans to double the size of the EC Structural Fund by...

The initiative to set up the single European market has aroused fears abroad, and indeed even within Europe itself, that the intention is to turn the Community into a "Fortress Europe". Attempts to allay these fears by the Council of Ministers, the EC Commission or individuals representing them...

The completion of the European internal market is generally expected to have beneficial welfare and growth effects. To what extent will they lead to a change in employment? How will the employment effects be distributed among countries, industries and social groups?

The completion of the European internal market by 1992 is one of the EC Commission’s key objectives. European integration is to be given fresh impetus by removing remaining frontier controls and trade barriers, liberalising public procurement and limiting the number of sectors protected from...