Word: economices
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Dates: during 1960-1969
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The finance and economics ministers of the Six did somewhat better. After considering proposals from the Common Market's Executive Commission for joint economic planning and budgetary discipline to deal with overheated European economies, the ministers agreed -in principle-to set up a unified monetary mechanism. The details would...
So far, the main threat to Britain's application seems to be the British themselves. While Monnet was speaking at a press conference in Brussels about the desirability of European political federation, former British Prime Minister Sir Alec Douglas-Home glanced up from a crossword puzzle and told newsmen...
Progress in the North. Meanwhile, in Copenhagen, the Scandinavians were making substantial progress toward creating their own economic alliance. After two weeks of final and frenetic discussions, representatives of Norway, Denmark, Sweden and Finland emerged with a detailed blueprint for a Nordic Economic Community, dubbed Nordek. The draft agreement must...
Dance of Counterparts. "For most people," says Curator Samuel Sachs II, who organized the exhibition, "the century begins in 1870 with the Impressionists." In reality, as his show demonstrates, it began in 1789 with the French Revolution, which sundered the economic and social structure that had given baroque culture its...
Pride and Profit. TIME'S European Economic Correspondent Robert Ball has pieced together an explanation. Most of the gold, Ball reports, has been flown to Switzerland and bought by three banks: Credit Suisse, Union Bank and Swiss Bank Corp. Motivated by pride and profit, the three banks formed a...