Word: union
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...Europe Tightens Its Belt Re "Is the Good Life Out of Reach?" [Mar. 5], about the effect of a common currency on the cost of living in the European Union: Peter Gumbel made no mention of Britain, an E.U. country that has spurned the euro and kept its pound sterling. Wouldn't a comparison of economic conditions in Britain and those in other E.U. nations tell us something about whether the common currency is to blame for some of the ills mentioned? Alan Campbell, Cape Town, South Africa...
Jacques Delors was President of the European Commission from 1985-95, helping to make this a period of extraordinary transformation in Europe. During his tenure the European Community became the European Union: a single market on its way to a common currency. More recently, the pace of change has slowed, even stalled. Delors, 81, hopes the 50th anniversary of the Treaty of Rome will give member states new impetus in building the E.U. He spoke with Time about Europe's future, its tumultuous past and why it's still "the Continent of doubt...
TIME: You have said that Europe risks unraveling. Why? Jacques Delors: The European Union has been through other crises, but this one is more serious. None of the 27 member governments has stepped up to frankly explain what they really think we are building the Union for. We need fresh air, and fresh air comes through talking clearly about our future...
...TIME: But how would it work for you to become president when your small party (the Union for French Democracy, UDF) can never muster a majority in parliament...
...Bayrou: I want to change French politics. I want a new deal. And obviously everyone who is in on the old deal will defend it tooth and nail. They've had all the posts, all the responsibilities for the last 25 years, and they'll create a sacred union to defend their place. If I'm not wrong, the French people will oppose them...