Word: monnet
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...expect we will have problems between us," said Jean Monnet last week. "But I hope our problems will be eternal, for that would be a sign of the vitality of our relationship...
...Switzerland last week, on a well-earned vacation, France's peppery little Jean Monnet, managing director and original creator of the Schuman Plan, ticked off the gains and setbacks since Western Europe agreed to pool its coal and steel resources just one year ago. The most obvious achievement was that the huge, $6 billion coal and steel industry-which accounts for 15% of the total industrial production of France, Germany, Italy and the Benelux nations, and provides work for one out of every ten of their workers -had actually been brought under a single command. By so doing...
...Italy, which still has to depend on high-priced foreign scrap, gets a subsidy from the other Schumania nations to make up the difference. At first, France's government tried to buck the common market with its own cartel designed to limit exports, but yielded when Monnet put his foot down...
...Netherlands and Belgium-Luxembourg. Currency barriers and price controls restricted exports. With the lifting of controls, steel prices found a steady level. They recently dropped slightly, and with a pre-election price cut in Germany averaging 5%, are going lower. Customers are holding out for cheaper prices, but Monnet wants to keep them high enough to finance modernization and expansion...
...Schumania's Boss Monnet, the most encouraging sign of all is that Europe's nationalists are beginning to think as Europeans. Last January, hoping to raise $30 million to pay for administrative expenses, technical research and interest on loans, the High Authority told the community's 1,008 factories and mines that they would be taxed .3% of the average value of their monthly output and that the levy would ultimately be raised to .9%. Not one protest was heard, and payments have been coming in regularly...