Europe's Future Is A Bit Further Away

It now seems unlikely the Maastricht treaty can be ratified by year's end

EVEN THOUGH FRANCE SAID OUI TO THE MAAStricht treaty on economic and political union, its voice was not hearty enough to still the turmoil in Europe. The majority for approval in last week's referendum was a sliver-thin 51%, which simply highlighted the doubts among ordinary citizens about the rapid course of European unification. Paris and Bonn still hope the treaty can go into effect by the end of the year as planned, but it seems unlikely that all 12 members of the European Community will be able to approve it by then.

^ The currency traders who knocked the British pound...

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