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Organization for European Economic Cooperation

Published online by Cambridge University Press:  22 May 2009

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Extract

Meeting on January 7, 1952, the Council of OEEC agreed that for January, February and March, Belgium, a constant creditor in the European Payments Union, would receive a maximum of $60 million in gold — a reduction of 25 percent on the previous allowance. This was a partial solution to the problem of Belgium's excess credit position. The Council also recommended that member countries try to increase exports to Belgium and that Belgium increase its imports from them.

Type
International Organizations: Summary of Activities: III. Political and Regional Organizations
Information
International Organization , Volume 6 , Issue 2 , May 1952 , pp. 331 - 333
Copyright
Copyright © The IO Foundation 1952

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References

1 Chronology of International Events and Documents, VIII, p. 46.

2 Current Developments in United States Foreign Policy, January 1952, p. 28.

3 New York Times, December 6, 1951.

4 Current Developments…, cited above.

5 New York Times, March 31, 1952.

6 Ibid., February 4, 1952.

7 Ibid., March 25, 1952.

8 Ibid., March 29, 1952.

9 Current Developments…, cited above, p. 28.

10 International Financial News Survey, IV, p. 254.

11 Ibid., p. 302.

12 New York Times, December 14, 1951.

13 Current Developments…, cited above, p. 29.

14 Chronology, cited above, p. 67.

15 Ibid., p. 80.