at this time, was preparing to enter the European Economic Community. Spanish companies such as Cavas Masachs, thus, looked forward to an improvement in their competitive positions within Western Europe. The advent of more complete economic integration in the European Economic Community was intended to bring about the free movement of goods, services, capital, and labor within the European Economic Community, and to provide more than 320 million Europeans with free commerce similar to interstate commerce enjoyed in the United States.
At the beginning of 1985, the major concern about the domestic economy of the United States centered on the effects that the growing federal government budget deficits may have on economic growth and price inflation. The Reagan Administration contended that continued economic growth would significantly mitigate the growth of the deficit; however, private sector economists noted that the high growth during the last half of 1983 and throughout 1984 had no notic
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