European Community: Blueprint for the Dream

In a historic compromise, the Twelve -- despite Britain's caution -- reinforce their economic and political ties as they chart the E.C. course for the rest of the century

In the end there was something for everybody. Britain could claim that it was still master of its monetary and labor policies. France could point to a firm timetable for establishing a single currency for the European Community's other 11 members. Germany, among the most Euro-minded of the Community states, could hail the birth of a "European union." And the most impoverished brethren in the group -- Greece, Ireland, Spain and Portugal -- had won the promise of money transfers from the rich states to the poor.

The summit in the medieval Dutch town of Maastricht last week, aimed at forging...

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