Word: luxembourg
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...Current members: Belgium, France, Italy, Luxembourg, The Netherlands, West Germany. This year Britain also applied for membership, with Denmark and Norway planning to follow...
...Luxembourg...
...rale already has 3% of its assets in Canada, controls both the Sogemines investment company (with interests in Brockville Chemicals, Inland Cement, Iroquois Glass) and the Miron building materials company. In Europe, La Générale owns 16% of Luxembourg's huge ARBED steel works (1960 sales: $700 million). It has also joined with the U.S.'s Olin Mathieson to produce oil derivatives, and with the U.S.'s Union Carbide to make polyethylene within the Common Market...
...these organizations are not radically different from the old familiar alliances that the European nations have always found it convenient to form in times of relative peace. The drastic new departure that galvanizes all the others is the six-nation Common Market, comprising France, West Germany, Italy, Belgium, Luxembourg and The Netherlands...
Common Market businesses have gone on a merger bender. Germany's Messerschmitt and France's Fouga are jointly making aircraft. Italy's Innocenti and Germany's Hans Glas are making cars together, Luxembourg's Dostert and Germany's Wilhelm Seibel truck trailers. Agfa and France's Vedette are collaborating on cameras. Eurista is a new FrenchGerman coalition making electrical resistors. Gasoline is now distributed in France and Germany by Desmarais. The Société Française PIC and Krupp recently signed an agreement to build a petroleum plant. "Within...