Courtesy Reuters

"Deficit" seems to be the word for Europe these days. The Community of the Nine, so we are told, has a democratic deficit, a social deficit, a deficit of visionary power and, most noticeably, a deficit of unified political will in world affairs. It is hard to deny that there is a great deal of truth to such jeremiads. The Community does indeed find itself in the awkward position of being neither here nor there. Its member-states no longer possess a number of important political instruments; collective tools have not yet been fashioned. Clearly, the evolution of joint political institutions

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