As Formula 1 teeters on the brink of peace following FIA president Max Mosley's signature on the new Concorde Agreement, Dieter Rencken asks what's next for the Formula One Teams' Association.

During the German Grand Prix weekend a wave of optimism washed over the paddock. The Concorde Agreement as a document, said various sources, would be signed within a week, with Bernie Ecclestone vowing to sort out Formula 1 within 48 hours.

"I hope to have a Concorde Agreement in place by Wednesday," he said after denying rumours that he would be relieved of his duties in the wake of making some controversial comments about Adolf Hitler.

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