That Cracking You Hear Is The European Union

At European Union headquarters, Germany's Economics Minister, Gunter Rexrodt, proposes an independent task force to dismantle EU legislation that's strangling business. In Rome, Italy's new government names as Foreign Minister Antonio Martino, a card-carrying member of Margaret Thatcher's anti-Brussels cult. Even in Paris, that shrine for true believers in One Europe, senior government officials say that European Commission President Jacques Delors' plan for massive infrastructure spending would destroy the Continent's creaky finances.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.