WESTERN EUROPE: The Insiders Club

A nightmare is haunting that nation of shopkeepers, the British. Within ten weeks the six nations of "Little Europe" (France, Germany, Italy, Benelux) will start their 160-million-customer "common market"—and Europe's senior trading nation will be outside it, not in it.

When the common market idea first came up, the British saw a surer future in their own Commonwealth and held aloof from any such untried continental combine. But to safeguard their European trade stake, they cooked up a plan for a wider, 17-nation Western European "free trade area" which would include the inner six and would also start in business on...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!