Europe: A Few More Walls To Tear Down

Ten years ago, a wall still ran down the middle of Berlin, dividing the city, the nation, and the world between democratic capitalism and command-and-control communism. Hard to imagine now, isn't it? Yet anyone who has been to Europe lately knows it is utterly different from what it was a decade ago. A market economy is replacing the welfare state, sparking innovation and entrepreneurialism. A single currency, the euro, is replacing the French franc, the German mark, and the Italian lira. A wave of mergers and acquisitions is reorganizing and integrating European corporations. It's all so exciting--and so threatening.

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