EUROPOWER; The Essential Guide to Europe’s Economic Transformation in 1992 <i> By Nicholas Colchester and David Buchan (Times Books/Random House: $22.50; 256 pp.) </i>

“Two of Europe’s most influential journalists . . . have concluded that something truly historic is taking place across the Atlantic. Call it a triumph of cooperation over centuries of animosities; call it a kind of supernationalism that eventually will become necessary for more countries in the global economy; call it what you like--real change is occurring, they say, and the continent will never be the same again.”