growth almost everywhere. Arguments about the
future of the European Union--what economic role should it have? what
political role should it have?--have stultified the growth of the
European Single Market. Germany and France (and perhaps the Benelux
countries) will probably still create some form of economic union. But
the creation of the single market for Europe is still mired in internal
disputes about the single European currency, which Germany wants to
manage and which the U.K. wants no part of."The project for European
unity that dominated the early 1990s is dead," says Luigi Forlai, an
economist with the STOA-Massachusetts Institute of Technology School of
Business in Naples."Now there is talk of a 'Carolingia' or a
French-German alliance, which fills European economic circles,"
So, from the point of view of IT vendors, Europe will have to be
approached regionally."In Western Europe, there has been a reprise of
activity from the far south, on the economic belt that stretches from
Barcelona in the west to Genoa," says Armand
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