A whole range of economic solutions have been proposed in recent years in an endeavour to combat rising inflation. Of these, the discussion on a policy of gradualism vis-à-vis shock therapy has given rise to considerable controversy. In the light of this controversy the following article...

In view of the multitude of factors which are at work it is evident that there is no one-way solution to the current problems of the EC. Rather a differentiated approach is required. In this context it is essential that the long-term economic and political goals of the Community are not...