Word: europeanness
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Dates: during 1980-1989
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...bureaucrat who serves at the pleasure of a dozen bosses, Delors can be short-tempered and occasionally imperious. During one memorable speech last year, he accused a British representative on the 16-member European Commission of being "a lackey of the Labour Party" and referred indelicately to West German Chancellor Helmut Kohl as "fat-assed." His blithe contention that eventually E.C. officials would preside over 80% of the national economic and social decision making now conducted by individual countries infuriated Britain's Margaret Thatcher. So does his next major goal: replacing each nation's currency with a unified European monetary...
What a wonderful word, Europhoria. Western Europe seems to have rediscovered the political will to advance the stalled process of economic integration and further the old dream of Continental unity. In a bold venture eyed warily by the rest of the globe, the twelve members of the European Community* have pledged to unite their markets by Dec. 31, 1992, creating the world's largest market and trading bloc. West Europeans have few illusions about their ability to create a United States of Europe. Even within individual countries, regional rivalries are still pronounced, and the Continent's cultural diversity will continue...
...coming months and years Washington is likely to be confronted by European contrariness and even defiance on subjects ranging from arms control to international economic cooperation. At the summit of the seven industrialized powers in Paris this summer, the E.C. sought and secured the lead role in coordinating the West's efforts to aid Poland and Hungary. At the conventional-arms talks in Vienna, the U.S., NATO's erstwhile champion, now sits alongside other alliance members at the negotiating table. In the Middle East, France seems to be bidding to take a lead role, seeking to negotiate a cease-fire...
...well. With one eye on the impact of the Reagan Revolution in the U.S., the area's governments reduced taxes, scissored red tape and encouraged investment. A new breed of hard-driving Euroentrepreneurs has emerged, bent not only on streamlining the Continent's industries but also on spearheading a European invasion of corporate America. Last year British raiders alone spent $32 billion on U.S. companies, compared with $12.7 billion by the Japanese...
...North America, Japan and the fast industrializing economies of Asia. The opening up of Western Europe's protected national markets will hurt inefficient firms, but the hope is that enough competitive winners will emerge to ensure that Western Europe has its champions in the 1990s and beyond. West European governments are curbing their interventionist instincts and freeing businesses to make profits. Even when a socialist government was returned to power in France last year, it conceded the benefits of free enterprise by pledging not to renationalize the enterprises that its conservative predecessors had shifted to private control...