Word: benelux
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First of all, I gather from daily newspaper reading that de Gaulle wants to weld France and Germany into an economic block around which Italy, the Benelux countries, and perhaps others would revolve. Representing a population equal to that of the United States, this block is intellectually the most fertile region on the globe, and industrially close to the American potential...
...Association (TIME, July 27). Member nations hope to have the final draft by October and to announce their first common tariff reductions, to be effective next July. They made no bones about their real purpose: "To facilitate negotiations" with the bigger, booming Common Market Six (France, West Germany, Italy, Benelux) and thus head off a permanent division of European trade...
Even the European Coal & Steel Community, long the shining practical example of a European readiness to surrender some sovereignty, has come upon hard times. For its first six years, its member nations (France, Germany, Italy and Benelux) went along cheerfully with its expansionist schemes to abolish coal and steel tariffs and to outlaw cartels. But in the past six months, slackening European demand for coal, plus U.S. competition, has stacked up 30 million tons of unsold coal (TIME, March 2 et seq.). Fortnight ago, when the High Authority of the community ordered its members to restrict the production and import...
...indignant tenants grumpily moved away. Sooi invited one Jacob Moerland down from The Hague to open a casino in the vacant house, for the benefit of Dutchmen who are not allowed to gamble in their own country. Later, an ambitious Dutchman named Herman Bernhard showed up, opened a competing Benelux Casino complete with free drinks, a parking lot and twelve croupiers. By 1954, five casinos were operating-though not always smoothly. At one point, Bernhard had a moat dug around Moerland's Woodside Club to prevent customers from either going in or coming out. Moerland, who now owned...
...government was already faced with one harsh fact: unless the official value of the franc were brought into line with its true value, French products would be too highpriced to compete freely-as they must within the six-nation Common Market-against those of Germany, Italy and Benelux. Now, in addition to devaluing the franc, France had also to make it convertible-or else face a capital flight away from the franc to the convertible pound or Deutsche Mark. Unlike Britain, whose gold and dollar reserves are at a seven-year high, France is running a $60 million foreign-trade...