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...

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