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Organization for European Economic Cooperation
Published online by Cambridge University Press: 22 May 2009
Extract
The sixteen nations of western Europe participating in the Economic Recovery Program signed on April 16, 1948, a convention formally establishing the Organization for European Economic Cooperation, providing machinery for the handling of European aid, and including a legally binding contract for self-help to supplement and eventually eliminate the need for outside aid. The principal aim of the organization was stated as the speedy establishment of sound economic conditions, without outside assistance, so as to make a full contribution to world economic stability. The sixteen governments and the western zones of Germany pledged their efforts to a maximum exchange of goods, lower tariff barriers, work towards a customs union, achievement and maintenance of financial and monetary stability, and the best use of their manpower.
- Type
- International Organizations: Summary of Activities IV. War and Transitional Organizations
- Information
- Copyright
- Copyright © The IO Foundation 1948
References
1 New York Times, April 17, 1948; for text of the convention, see International Organization, II, p. 420.
2 Ibid., April 17 and 24, 1948.
3 Ibid., May 9, 1948.
4 Ibid., May 5, 7, 11, 14, 1948.
5 Ibid., June 28, 1948.
6 Ibid., July 3, 1948.
7 Ibid., June 18, 1948.
8 Ibid., June 23, 1948.
9 Department of State Press Release 515, June 28, 1948; this press release, which contains the text of the Italian agreement, is prefaced by an outline of the terms common to all of the agreements. The official texts of the agreements signed by the fifteen other nations were also released by the State Department.
10 New York Times, June 30, 1948.
11 Ibid., May 14, 1948.
12 Ibid., July 8, 1948; for further details on the proposals of the Consulative Council, see this issue, p. 546.
13 Ibid., July 10, 1948.
14 Ibid., July 14 and July 17, 1948.
15 Ibid., July 17, 1948.