Daniel Tarullo

Recent Articles

Can the European "Social Market" Survive 1992?

As the European Community continues the bold march toward a single market, its ideological import is very much in contention. EC President Jacques Delors has viewed 1992 as the first major step in political confederation, creating a continental polity to match the emerging pan-European market. In contrast, the Thatcher view, cheered on by American conservatives, was that EC-1992 would liberate market forces from the sclerotic regulation of inward-looking nation states; Thatcher fell, in part, because she seemed outside the emerging consensus.