[D]uring my second term of office as Prime Minister, certain harmful features and tendencies in the European Community started to become ­evident. Against the notable gains constituted by the securing of Britain's budget rebate and progress towards a real Common – or 'Single' – Market had to be set a more powerful Commission ambitious for power, an inclination towards bureaucratic rather than market solutions to economic problems and the re-emergence of a Franco-German axis with its own covert federalist and protectionist agenda. As yet, however, the full implications of all this were unclear – even to me, distrustful as I always was of that un-British combination of high-flown rhetoric and pork-barrel politics which passed for European statesmanship.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "[D]uring my second term of office as Prime Minister, certain harmful features and tendencies in the European Community started to become ­evident. Against the notable gains constituted by the securing of Britain's budget rebate and progress towards a real Common – or 'Single' – Market had to be set a more powerful Commission ambitious for power, an inclination towards bureaucratic rather than market solutions to economic problems and the re-emergence of a Franco-German axis with its own covert federalist and protectionist agenda. As yet, however, the full implications of all this were unclear – even to me, distrustful as I always was of that un-British combination of high-flown rhetoric and pork-barrel politics which passed for European statesmanship." in the context of "p. 727" to mean that wisdom is timeless.