But, let us focus for the moment on our wider expectations. From a general perspective, it will be a matter of giving shape to what is commonly called the "new architecture of Europe", to be established, as far as we are concerned, on the three fundamental pillars represented by the European Community, the Atlantic Alliance and the process of co-operation between the 35 CSCE countries. Such a new architecture is being at the same time sustained by renewed initiatives of co-operation at a subregional level. A summit at governmental level among Austria, Czechoslovakia, Yugoslavia, Hungary and Italy has just taken place at Venice in much the same spirit, to lay the foundations of an increased co-operation between the five countries in many areas of mutual interest. A new era of unprecedented, promising co-operation between former adversaries is thus taking shape in Europe, more in the reality of facts themselves than in the imaginative capacity of Governments, and marked by the emergence of political and economic structures unbound by dictatorship and inspired by freedom. With regard to the European Community, two intergovernmental conferences are scheduled to take place in Rome next December with the purpose of initiating two negotiating processes with great bearing on the future economic, political and institutional framework of the Community. The first is aimed at transforming the already scheduled accomplishment of a common market by 1992 into a true economic and monetary union. The second, dealing more specifically with the political integration of The Twelve, points at reviewing decision-making, improving the functioning of institutions and providing for increased unity and cohesion of the international action of The Twelve by reforming the existing mechanisms of political co-operation. These internal EEC developments coincide with the process of change under way 
**Analysis**
The text primarily focuses on the development of the European Community and its relationship with other international organizations, such as the Atlantic Alliance and the process of cooperation between the 35 CSCE countries. It also mentions the emergence of a new era of cooperation between former adversaries in Europe and the upcoming intergovernmental conferences aimed at transforming the European Community into a true economic and monetary union. These developments suggest that the text is more concerned with international relations and economic integration rather than specific sectors or issues.

**Category**
International trade, Economic development