ABSTRACT
I begin with the remark that 1992 is after all not a terribly important date. Many things will be decided between now and then, but the important event has already happened, and it has nothing to do with governments. Governments are, alas, no longer performance centres, as they were in the nineteenth century. The main event is that the businessmen of Europe have already decided that there is a European economy. Has there ever been a precedent to guide us? Yes; and not so long ago, either.
