EUROPE: Can the Common Market Survive?

"Europe is facing its most difficult postwar test," says former West German Chancellor Willy Brandt. Adds his successor, Helmut Schmidt: "The European Community is breaking up." Schmidt's gloom is exaggerated, but signs of serious and lasting trouble are evident everywhere: business bankruptcies are on the increase, unemployment is already running at a near-record rate, and the inflation continues to worsen (in Italy, the rate is 23.7%). Fully 77% of the people surveyed by Paris' Le Figaro said that they were deeply disturbed about France's present and pessimistic about its future. There...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

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