Word: oeec
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Dates: during 1960-1969
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...offspring, the U.S. Americans, seeing Europe from a distance and therefore as a unit, had often been better Europeans than many Europeans. Thus, when the U.S. offered the Marshall Plan in 1947, it shrewdly insisted that the European nations cooperate in estimating their needs and in spending the funds. OEEC, the multi-nation agency through which Marshall Aid was pumped into Europe, was a crucial example of cooperation. Followed by the NATO alliance, it prepared the way for Jean Monnet's boldly planned Coal and Steel Community, direct forerunner of the Common Market...
...suggestion of U.S. Under Secretary of State Douglas Dillon, they agreed to set up a temporary committee to think about increasing and coordinating foreign aid programs. For the long range, they decided "in principle" to establish a 20-nation Atlantic economic community consisting of the 18 members of the OEEC (the longstanding Organization for European Economic Cooperation, set up in Marshall Plan days), plus the U.S. and Canada. The details would be worked out by four "wise men": one North American (U.S. Ambassador to NATO W. Randolph Burgess); one Frenchman, to represent the Common Market Six (Bernard Clappier...