by Stuart Holland
1992 was supposed to be the greatest year in the history of the European Community since the signature of the Rome Treaty in 1957. In fact, the result of the first Danish referendum, the strains on the exchange rate mechanism of the EMS, and deepening recession threw it into the biggest crisis since President de Gaulle pulled France out of the Council of Ministers in 1965.
In this report to the EC Commission, Stuart Holland argues that reinforcing the European project is imperative for economic and social progress in its member states. National sovereignty has been eroded by mulitnational capital, finance and trade. Member states need to act jointly through the Community to achieve objectives such as full employment, rights at work and welfare.