Eutelsat float on hold.

Sunday Business (London, England) | July 7, 2002 | Copyright

THE European Union faces a reality check that it would rather avoid. When Denmark took over the presidency of the Council of Europe last week it promised to ensure that enlargement would begin on schedule in 2004. But the nervousness among officials and government leaders is palpable.

The original prospect of rich western Europe offering a helping hand to its poor neighbours as a natural follow-up to the collapse of the Soviet bloc has been undermined by harsher economic conditions in the 15 member states.

With growth running at half its 2001 level, ...

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