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...