The Maastricht Treaty aims to define the path towards a single currency in the European Community by the end of the century. The following article analyzes the strategy laid down in the Treaty in the light of recent events, highlights its internal contradictions and the obstacles it is likely to...

On January 1, 1981 the southward extension of the EC starts with the accession of Greece. Spain and Portugal are to follow suit in the near future. The consequences in the industrial sphere will be less spectacular than those in agriculture but still of considerable importance for the process of...