It's 1993 And Europe Can Pop A Few Corks After AllBy
For years, the date Jan. 1, 1993, has been eagerly anticipated by Europeans. But its arrival finds many of them in too sour a mood to celebrate. Continentwide recession, combined with political jitters and a currency meltdown, has staggered the European Community in the final sprint to a single market. Confusion over rules and regulations is further detracting from the occasion. One busy Brussels attorney, Clive Stanbrook, says he is keeping his firm open round the clock during the first week of 1993 to deal with clients' crises. "Lawyers are going to earn huge fees," he says.
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