Financial innovations are currently displacing traditional methods of Euro-currency financing, while in Germany and Japan there is talk of establishing international free banking zones along American lines. What are the reasons for these developments and how are they affecting the Euromarket?

Despite or because of the relatively brief concluding document of the Belgrade follow-up meeting mandated to examine the implementation of the Helsinki Final Act, it is worthwhile to review the proposals made in "Basket II" (economics) and relate them to the two other "Baskets" (security and...