The European Union, an economic and political alliance of 15 -- soon to be 25 -- countries, is changing faster and more dramatically than at any other time in its history.
In the seven long years since the signing of the Maastricht treaty started Europe on the road to a unified currency, critics have warned that the plan was an invitation to disaster. Indeed, the sta...
Reducing entitlement programs is a hot political button in the U.S.--think of the fractious Medicare battle. But in France such reform is no mere economic debate. France isn't a welfare state, it's...
You may be left with the post-election impression that the U.S. is the only nation with a crushing budget deficit. Far from it. When the deficit is expressed as a percentage of GDP, the U.S. has co...
IN A YEAR when short-term interest rates fell like a safe dropped from a tenth-story window, who can blame the fixed-income investor for feeling crushed? After all, the poor guy who complained a ye...
THIS NEW YEAR'S EVE, a thousand bonfires will be set across the Continent to mark the opening of the single European market. But the celebration will be less festive than it might have been. All ki...
The French stock market crashes. Traders rush to unload pounds and lire. The deutsche mark soars. Amid the frenzy, Europe's leaders scramble to control the crisis, realigning their currencies. They...
WITH the January 1, 1993, deadline just five months away, business is measuring Europe's progress toward a monumental goal: building a single market of 340 million free-spending consumers. Despite ...
The European Union, an economic and political alliance of 15 -- soon to be 25 -- countries, is changing faster and more dramatically than at any other time in its history.
In the seven long years since the signing of the Maastricht treaty started Europe on the road to a unified currency, critics have warned that the plan was an invitation to disaster. Indeed, the sta...
Reducing entitlement programs is a hot political button in the U.S.--think of the fractious Medicare battle. But in France such reform is no mere economic debate. France isn't a welfare state, it's...
You may be left with the post-election impression that the U.S. is the only nation with a crushing budget deficit. Far from it. When the deficit is expressed as a percentage of GDP, the U.S. has co...
IN A YEAR when short-term interest rates fell like a safe dropped from a tenth-story window, who can blame the fixed-income investor for feeling crushed? After all, the poor guy who complained a ye...
THIS NEW YEAR'S EVE, a thousand bonfires will be set across the Continent to mark the opening of the single European market. But the celebration will be less festive than it might have been. All ki...
The French stock market crashes. Traders rush to unload pounds and lire. The deutsche mark soars. Amid the frenzy, Europe's leaders scramble to control the crisis, realigning their currencies. They...
WITH the January 1, 1993, deadline just five months away, business is measuring Europe's progress toward a monumental goal: building a single market of 340 million free-spending consumers. Despite ...
THE ECONOMY/COVER STORY 62 THE JOB DROUGHT The problem isn't too few jobs, it's too few good jobs. Solid middle-class jobs have been disappearing in record numbers as large industrial corporations ...
WITH the January 1, 1993, deadline barely five months away, business is measuring Europe's progress toward a monumental goal: building a single market of 340 million free-spending consumers. Despit...
Ask a European how 1992 can end in June. While trade barriers will continue to fall, the dream of a common European currency and growing political unity suddenly looks shattered. The recent Danish ...
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