search query: @indexterm EUROPE, WEST / total: 533
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| Author: | Rapoport, C. |
| Title: | Europe unravels |
| Journal: | Fortune
1992 : OCT, VOL. 126:8, p. 24-28 |
| Index terms: | EUROPE, WEST SINGLE MARKET ECONOMIC CONDITIONS |
| Language: | eng |
| Abstract: | The 1992 goals achieved so far should hold, but further progress will be tougher and slower. The sharp devaluation of the pound and the lira and France's unconvincing approval of the Maastricht treaty have toned down the grand vision of a unified Europe as a political and economic superpower to rival the U.S. and Japan. For business it's not all bad news: The currency corrections should bring interest rates down in the weaker economies. |
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