Second in a biennial series of "yearbooks" on the state of the European Community, this book, which covers 1991 and 1992, takes up where "The State of the European Community: Policies, Institutions, and Debates in the Transition Years" (edited by Leon Hurwitz and Christian Lequesne) left off. The current volume not only provides a description of key issues and developments in the European Community (EC) during 1991-1992, but also comments on and analyzes events from a variety of conceptual and theoretical perspectives. This biennial series is one of several projects sponsored by the European Community Studies Association (ECSA). ECSA exists to develop a community of people interested in the EC and to raise the level of knowledge about it.