Reshaping Europe In The Twenty-first Century

RESHAPING EUROPE IN THE TWENTY-FIRST CENTURY Reshaping Europe in the Twenty-First Century Edited by Patrick Robertson Secretary, The Bruges Group Foreword by The Rt Hon. Margaret Thatcher, OM, FRS, MP Palgrave Macmillan ISBN 978-1-349-21849-3 ISBN 978-1-349-21847-9 (eBook) DOI 10.1007/978-1-349-21847-9 © The Bruges Group 1992 Softcover reprint of the hardcover 1st edition 1992 All rights reserved. For information, write: Scholarly and Reference Division, St. Martin's Press, Inc., 175 Fifth Avenue, New York, N.Y. 10010 First published in the United States of America in 1992 ISBN 978-0-312-06889-9 Library of Congress Cataloging-in-Publication Data Reshaping Europe in the twenty-first century I edited by Patrick Robertson; foreword by Margaret Thatcher. p. cm. "Most of the essays ... were presented to The Bruges Group at a conference held in November 1990"-CIP pref. Includes index. ISBN 978-0-312-06889-9 1. Europe-Economic policy. 2. Europe-Politics and govemment-1945- 3. Europe-Economic integration. 4. European federation. I. Robertson, Patrick. II. The Bruges Group. HC240.R4355 1992 338.94-dc20 91-24191 CIP Contents Foreword lJy Margaret Thatcher VB Preface IX xii Notes on the Contributors Part One Building a New Europe 1 A Proposal for European Union Alan Shed 2 Transcending the European State Kenneth Minogue 22 3 Federalism with a Bureaucratic Face Wayne Hunt 35 4 Why Sovereignty Matters Gavin Smith 45 5 Conservatism and the Paradox of Europe Conrad Black 54 Part Two 3 Money, Competition and Price Stability 6 An Introduction to European Monetary Union Geoffrey E. Wood 75 7 European Monetary Union: Is There a Halfway House? Tim Congdon 82 8 A Monetary Constitution for Europe? A ntonio Martino 97 9 Central Bank Independence Manfred JM. Neumann 119 A European Central Bank? Pascal Salin 128 10 V Contents vi Part Three Competition, Employment and the World Economy 11 Europe's Position in a Changing World Economy Christian Watrin 143 12 European Competition Law Daniel Oliver 161 13 Industrial Relations in Europe B. C. Roberts 171 14 EC Employment Law Tim Johnson 187 Economic Disarmament: Prosperity, Interdependence and Stability The Hon. Francis Maude 196 15 Part Four Security and Defence in a New World Order 16 A Defence Role for the European Community Peter Schmidt 211 17 Out-of-Area Challenges and Western Security Miguel Herrero de Miiion 220 Part Five Concluding Reflections J How Not To Oppose Political Union Enoch Powell 227 Dangers and Opportunities Norman Tebbit 235 20 New Ideas for Europe Peter Lilley