EEC-EFTA: More Than Just Good Friends
If the European Community carries out its plans for 1992, what will be the effect on the European Free Trade Area, which comprises the other countries of Western Europe? Perhaps, says Helen Wallace of Chatham House, "an experiment in living together has to be made, with a decision about marriage later." Other participants in the proceedings of a conference at the College of Europe in Bruges in 1988 are more skeptical about any general arrangement. Bilateral approaches may be more promising since, as P. Wijkman of the EFTA secretariat says, "Several EFTA countries are more integrated with the Community than are most Community members." Though inconclusive, the material in this book is rich and goes well beyond familiar economic issues.
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When France and Germany, with Italy and the three Benelux countries, made it clear that they were really going to form a customs union, they forced the British government to face a decision it had hoped to avoid. Now Britain's decision to join the Common Market, if reasonable terms can be agreed on, requires the United States to make some major decisions of its own. Our action-or the lack of it-will pose new choices for the rest of the world.
As part of this effort, conversations have been started in Brussels, on the initiative of the Spanish Government, in order to study the problems faced by the Spanish economy as a result of the operation of the Common Market. On February 9 last, the E.E.C. authorities presented a questionnaire to the Spanish Government asking specifically about important aspects of the relations between the Six and Spain which had been studied in a Spanish report of December 9, 1964. The Spanish Government's answer to the questionnaire was handed to the E.E.C. in June.
War-ravaged Bosnia has come a long way since the 1995 Dayton Accord. But Bosnia's stability rests on the West's large-scale involvement. Integration remains an unfulfilled hope. When foreign aid tapers off, as it soon will, Bosnia's economy will grind to a halt without major reforms. The world should safeguard Dayton's biggest success -- ending Europe's bloodiest war since World War II -- but hand Bosnia's political and economic future back to Bosnians.

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