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Organization for European Economic Cooperation

Published online by Cambridge University Press:  22 May 2009

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Extract

An arrangement proposed by the managing board of the European Payments Union to meet the situation which had arisen as a result of Belgium's having granted to other member countries far in excess of its stipulated quota was approved by the Council of the Organization for European Economic Cooperation on October 18, 1951. The plan provided that Belgian excess credits in EPU would be met for the next three months partly by payments in gold and partly by the granting of credit. Possible long-term solutions of the problem were to be investigated by the executive committee, which was to report by the end of the year.

Type
International Organizations: Summary of Activities: III. Political and Regional Organizations
Information
International Organization , Volume 6 , Issue 1 , February 1952 , pp. 147 - 149
Copyright
Copyright © The IO Foundation 1952

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References

1 New York Times, October 19, 1951.

2 Chronology of International Events and Documents, VII, p. 651.

3 Ibid.

4 lbid., p. 682.

5 New York Times, December 4, 1951.

6 Ibid., December 24, 1951.

7 Organization for European Economic Cooperation, European Economic Cooperation, A Second Survey prepared by the Organization for European Economic Cooperation for the Council of Europe, Paris, 11 1951Google Scholar.

8 For summary of the public statement of the OEEC Council of August 29, 1951, see Inter-national Organization, V, p. 816.

9 Ibid., p. 9.

10 Ibid., p. 10.

11 Ibid., p. 23.

12 OEEC, Financial Stability and the Fight against Inflation, Paris, 11 1951Google Scholar.

13 Ibid., p. 11.