European Economic and Monetary Union is currently in the course of preparation by an inter-governmental conference. What are the benefits and risks associated with European monetary union? What essential requirements need to be fulfilled when the agreements are concluded?

Trade policy will have to be unifled if the member states of the European Community are to achieve their declared objective of creating a homogeneous internal European market by the year 1992. On what principles should such a Community trade policy be based?

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...