Institution in 1978 before serving as a Senior Advisor to the White House on domestic affairs from

Gros for comments on a previous draft of this paper. CEPS Policy Briefs present concise, policy-oriented analyses of topical issues in European affairs, with the aim of interjecting the views of CEPS researchers and associates into the policy-making process in a timely fashion. Unless otherwise indicated, the views expressed are attributable only to the author in a personal capacity and not to any institution with which he are associated. Available for free downloading from the CEPS websit