Word: euratom
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...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...
Last week the Foreign Ministers of "Little Europe" met in Paris to elect officers for the Common Market and Euratom. They also chose directors for two other six-nation agencies, the thriving Coal and Steel Community and the new billion-dollar European Investment Bank. But they could not settle on a single city for their capital. Luxembourg's white-mustached old Premier and Foreign Minister Joseph Bech put up such a stubborn fight to keep the European Coal and Steel Community headquarters (and its $6,000,000 yearly payroll) for his tiny country that the founding fathers could only...
...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...
This was the Assembly's last meeting. Next February it will be replaced by a new parliament with authority over the Common Market and Euratom projects too. Said Pope Pius XII to the delegates: "The Coal and Steel Community has placed Europe on a new road leading to infinite promise...