In a speech to the European Parliament on 18th February 1987 the Commission President Delors publicly announced the Commission’s proposals for a fundamental reorganization of the system of financing the Community and of Community budgetary policy.1 What is the background of these proposals?...

The European Monetary System has remained relatively stable in the eight years of its existence. The following article analyses the factors that have contributed to this stability and assesses the prospects for the system in the years to come.

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?

The renewed attention to the strengthening of the internal market of the European Community heralded by the Single European Act of 1986 is likely to produce a quantum leap in pressure group activity in Brussels, as business interests line up to exert their influence on the many harmonisation...

Before the European summit in February 1988, EC agricultural policy was being criticized by almost all those affected. Farmers complained about low incomes and the lack of prospects, consumers and taxpayers about the high cost of agricultural support, politicians about spending commitments that...

The European Community regards its current agricultural policy “reforms” as an adjustment to the reality of the market and hence as a contribution to easing the strains in world agricultural trade and reducing worldwide distortions in resource allocation. A detailed analysis gives ground for...

Economic insecurity and poverty represent a growing problem in the European Community today, with the re-emergence of absolute poverty on a scale unknown since the 1940's. Are we creating a new “underclass” in the midst of our still prosperous societies?

The expected welfare effects of the completion of the internal European market by 1992 will differ markedly from one member country to another. What requirements must be met for liberalisation of the internal market? How could the disparities in the distribution of welfare effects be lessened?

In June 1988 the Council, the European Parliament and the Commission concluded an “Interinstitutional Agreement on Budgetary Discipline and Improvement of the Budgetary Procedure”. A key element of the agreement is a commitment to medium-term financial planning for the Community for the...

The need for a uniform European system to control mergers seems ever more urgent as the advent of the European internal market draws closer. What proposals and approaches already exist for European competition law? How should they be assessed?