Word: benelux
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...first major step to bind Germany to France and Europe was the 1952 merger of the coal and steel resources of France, Germany, Italy and the Benelux nations. The six went on to form the Common Market in 1958 and became Europe's best hope of unity. In 1955, he won for Germany a place in NATO and thus further links to the Western community of nations. Like John Foster Dulles, U.S. Secretary of State at the time, der Alte saw Communism as an implacable threat to his Christian conception of Western civilization. Dulles and Adenauer became fast friends...
...carry too heavy a share of the tax load, and this year the rates on profits, after dividends, were boosted from 34% to 50%. As a result, French industrial companies earn scarcely 2.3% on sales, compared with 3.4% in Germany, 3.6% in Britain and Italy, 6.1% in the Benelux countries, 7.4% in the U.S.-and low profits discourage industrial expansion...
...really intend to desert NATO, the Allies refrained from forcing a showdown. After all, from a purely military point of view, even a passive partnership was preferable to French neutrality-which would cut the Western alliance in two, isolate each of its three Mediterranean members from West Germany, Britain, Benelux and Scandinavia...
...truly new Europe seemed to take shape in the remarkable progress of the Common Market ever since France, West Germany, Italy and the Benelux countries signed the Treaty of Rome nearly nine years ago. As the tariff walls within the Six came tumbling down, trade doubled in a cornucopian flow of cars and caramels, typewriters and transistors, that made shops in the six countries part of one great international bazaar. The resulting boom fattened their gross national products by 38% since 1958 (v. 28% for the U.S.). Despite the erection of a common tariff against the outside world...
...BENELUX. Belgium's economy is slowing down somewhat after showing signs of overheating last year-but so is its price inflation. Business is getting steadily better in The Netherlands, where wages and consumption are rising faster than production...