The British Government's proposal to develop the ECU gradually into a "hard" European currency has begun to be viewed in a more positive light. What principles are at the heart of this proposal? Does a "hard" ECU have advantages over the existing ECU? What are its chances as a parallel currency?

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 first step towards reform of the EC was taken when the Single European Act came into force in July of this year. What concrete decisions must the member states now take? What are their chances of being implemented?