Word: euratom
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Dates: during 1950-1959
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...cooperative unity shows no sign of holding back either the Common Market or its sister organization, Euratom. Last week Euratom formally indicated its intention to build six nuclear reactors designed to provide the Six with 1,000,000 additional kilowatts of electricity by 1963. And in the spanking new Common Market headquarters on Brussels' aptly named Avenue de la Joyeuse Entree, Walter Hallstein, the German law professor who presides over the Common Market executive, could point to solid progress. Already the Common Market's European Investment Bank (capital: $1 billion) had made its first loans. Others of Hallstein...
...been preserved for a decade, and meanwhile an apparently healthy integration of the German Federal Republic into Western Europe is now taking place. This may prove to be one of the most significant transitions of the era. Any Central European bloc would interrupt this integration. The Common Market, the Euratom plan and any further developments would be curtailed. The unification of Germany ought not to tear away the Federal Republic formally from the West until the cultural and economic ties have thoroughly permeated...
...Asked Congress to approve an "agreement for cooperation" between the U.S. and the Euratom nations (France, Italy, Germany, The Netherlands, Belgium, Luxembourg) that offers U.S. financial aid, designs for five to seven nuclear reactors, engineers and scientists and a 20-year supply of reasonably priced U 235 for a new $350 million European power grid that will generate a million kilowatts of power. Since Europe needs cheap nuclear power more than the hydroelectric rich U.S., Ike believes the U.S. can use Euratom experience to study problems of nuclear-power development, will benefit even more because Euratom will inevitably pull European...
...have also landed a contract for a $72 million, 200,000-kw. power plant in Italy, expect to sew up at least five other foreign contracts totaling about $500 million by the end of 1958. Target for 1967: the bulk of the business from Europe's six-nation Euratom combine, whose purpose is to build a common nuclear power grid of 15 million kw. Russia is reportedly building a 150,000-kw. plant for Czechoslovakia, a 100,000-kw. plant for East Germany, and two 400,000-kw. plants for herself-all to be completed...
...best. As president of a prospecting commission, he sparked the French drive to develop Sahara oil. Appointed one of the "Three Wise Men" in 1955 to look into Western Europe's energy needs, he has led the campaign for European development of atomic power. Louis Armand arguing for Euratom, says Paris' L'Express, "is Saint Bernard preaching at Vezelay on Easter Sunday and leading his listeners off on the Crusade." Though he starts, he says, with "three empty notebooks and a pencil," Armand promises 15 million kw. of atomic-produced electric power for "Little Europe...