chapter  6
28 Pages

‘Euro-sclerosis’: The late 1970s and early 1980s

The problems that had so troubled the EC after 1973 did not quickly pass away. In many ways, the late 1970s and early 1980s seemed at the time a period of limited ambitions and limited opportunities: the EC experienced fragile economic recovery for a couple of years (1976-8), only to be hit by the second oil shock and further attempts at national ‘defensive’ action. For the most part, the economic background continued to be difficult.