Europe's Currency

Rumpus and Economic Slump Have Got the Community's Fractious Partners . . . on Each Other's Nerves

HURRICANE MAASTRICHT HIT EUrope a week earlier than expected, and with a roar that all but drowned out France's fateful vote on European integration. In its wake lay a twisted political and economic landscape that may never look quite the same again. Battered as never before in its 13-year history, the European monetary system will need extensive repairs if it is to serve as the cornerstone of some future monetary union. Britain, where a parliamentary vote in favor of the treaty on European unity had once been a foregone conclusion, emerged from the tempest in a shaken and vengeful mood, facing...