, which involves operation of the exchange rate mechanism (ERM) (Scott, 1986, p. 187).
The Single Act of Luxembourg, which, by 1987, had been ratified by all EEC member countries, is the vehicle which is designed to bring about increased European economic integration (Paxton, 1989, p. 41). Should all go as planned, all of the economic barriers which continue to separate the member countries of the EEC will disappear on 1 January 1992 (Tully, 1988, p. 81). The advent of more complete economic integration in the EEC is intended to bring about the free movement of goods, services, capital, and labor within the Community, and provide more than 320 million Europeans with free commerce similar to interstate commerce enjoyed in the United States (Doyle, 1987, p. 550).
Although details of taxation programs and welfare schemes are not specifically addressed in the Single Act, the Act does proscribe the use of such factors to deny the free movement of goods and services within the Community (Gelb, 1988, p. 6). The Single Act also
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