Nineteen hundred and ninety-two is almost upon us.Students who follow the world of international finance will quickly recognize the significance, symbolic as well as real, of that date.It will bring further integration of European markets, including England's, and it will encourage the development of the means to make that integration effective and efficient.All sorts of projects that once would have seemed utopian or infernal are being proposed, and most of them seem likely to occur.Plans and work proceed.There will be a tunnel between Calais and Dover, and perhaps even a common unit of monetary exchange to facilitate trade.Before we know it, proposals that once would have startled will be realities.The world of law will be touched by these great events.'Already European courts have struck daggers aimed at venerable principles of English parliamentary sovereignty. 2The English Lord Chancellor has endorsed opening law practice in England to lawyers trained in the traditions of the civil law. 3 Soon the temples of the common law may be
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