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Had we been presented with this scenario a decade ago, it would not have required the greatest imagination to envisage a very different pensions world today.
It is certainly true that nothing has more effectively kept thepeace in Europe than NATO; and even if NATO is now destined fordestruction, it is probably a healthier state of affairs whenalliances and treaties can both live and die in response to theshifting interests of the nations than when a treaty isimmortalized and inoculated against change, like the Charter andConventions of the U.N.