text: With 1992 now only a year away, the question of what a Single Europe will mean for Britain becomes increasingly relevant.
  	I firmly believe that the advent of 1992 will result in a loss of sovereignty for Britain. This loss need not however be negative. In fact, in political, economic and defence terms I feel this  realocation of resources can and will be very positive. Whilst to a certain extent I may be guilty of having an island mentality, I wouldn't go as far as to say Britain is in danger of handing all control over to faceless beaurocrats in Brussels or Strasbourg.
  	Throughout the world a wind of change is apparent, but especially so in Europe. This process will continue and Europe the rest of the world will evolue with or without the participation of Britain in this process.
  	It is my belief that Britain must be involved in the decision making which will eventually decide the new world order. However to be fully involved, sacrifices have to be made. Such sacrifices will involve certain aspects of our sovereignty. In relenquishing and thus centralising certain powers, the aim is not to diminish the strength of individual nations but to increase the overall impact of Europe on the world stage.
  	As amply demonstrated by recent events in the Gulf, European cooperation in the field of defence can  be both impressive and effective. Whilst I would be reluctant to hand over all control to defence to any central body. I can see a future for some form of European rapid reaction force. Whilst to an extent crippling defence costs could be cut this would not necessarily lead to a reduction in the size of defence available.
  	In political terms, regardless of legislation, Britain like the rest of Europe is becoming increasingly cosmopolitan in terms of the population composition. The North Sea will increasingly come to represent a mere puddle as people move between countries. I feel it is important for Britain to join fully with its European partners to adapt to these changes in demography. Politically we are moving closer together. Possible problems should be studied and solved if possible before they happen.
  	E.R.M. is already upon us but in this area I feel Britain should be especially careful. Whilst not pretending to fully understand this system I do know that no system can lower interest rates, and inflation while raising growth, with the possible exception of the Magic Circle. In the area of the single currency, again I feel this is inevitable. What is important is to base this currency on the strong currencies within the EEC as opposed to an average based system.
  	To conclude I would say a single Europe is already happening and that it will continue to do so is guaranteed. Britain must not concern itself with loss of sovereignty but gain of the European equivalent. If we miss the boat I think we will drawn before the next boat comes.
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