European Economic Community

“ Where, in exceptional circumstances, movements of capital to or from third countries cause, or threaten to cause, serious difficulties for the operation of economic and monetary union, the Council, acting by a qualified majority on a proposal from the Commission and after consulting the ECB, may take safeguard measures with regard to third countries for a period not exceeding six months if such measures are strictly necessary. ”

“ In order to ensure closer coordination of economic policies and sustained convergence of the economic performances of the Member States, the Council shall, on the basis of reports submitted by the Commission, monitor economic developments in each of the Member States and in the Community as well as the consistency of economic policies with the broad guidelines referred to in paragraph 2, and regularly carry out an overall assessment. ”

“ For this purpose the Community shall, throughout the Community, encourage undertakings, including small and medium-sized undertakings, research centres and universities in their research and technological development activities of high quality; it shall support their efforts to cooperate with one another, aiming, notably, at enabling undertakings to exploit the internal market potential to the full, in particular through the opening up of national public contracts, the definition of common standards and the removal of legal and fiscal obstacles to that cooperation. ”

“ In truth, no one can correctly gauge the value of the complex causes--economic, political, educational, scientific and engineering--that make for the prosperity of a vast industrial community. So closely are they intertwined in the nature of things, that dogmatic arguments laying stress on one of them alone must speedily be seen to be the merest juggling with facts and figures.
As regards the wider influences exerted by Germany's new protective policy, we can here allude only to one; and that will [pg 150] be treated more fully in the chapter dealing with the Partition of Africa. ”

“ Declaration on Article 111 of the Treaty establishing the European Community The Conference agrees that procedures shall be such as to enable all the Member States in the euro area to be fully involved in each stage of preparing the position of the Community at international level as regards issues of particular relevance to economic and monetary union. ”

“ The government is pushing economic restructuring and privatization measures in anticipation of the 1992 European Community timetable to form a single large market in Europe.
GDP: $72.1 billion, per capita $6,900; real growth rate 3.5% (1989 est.) ”

“ The European Union is our response to these challenges. Only together can we continue to preserve our ideal of European society in future for the good of all European Union citizens. This European model combines economic success and social responsibility. The common market and the euro make us strong. We can thus shape the increasing interdependence of the global economy and ever-growing competition on international markets according to our values. Europe's wealth lies in the knowledge and ability of its people ”

“ In order to improve employment opportunities for workers in the internal market and to contribute thereby to raising the standard of living, a European Social Fund is hereby established in accordance with the provisions set out below ”

“ To help achieve the objectives referred to in Articles 7a and 130a and to enable citizens of the Union, economic operators and regional and local communities to derive full benefit from the setting up of an area without internal frontiers, the Community shall contribute to the establishment and development of trans-European networks in the areas of transport, telecommunications and energy infrastructures. ”

“ The Community shall have the objective of strengthening the scientific and technological bases of Community industry and encouraging it to become more competitive at international level, while promoting all the research activities deemed necessary by virtue of other Chapters of this Treaty. ”

“ Where it is provided, in a common position or in a joint action adopted according to the provisions of the Treaty on European Union relating to the common foreign and security policy, for an action by the Community to interrupt or to reduce, in part or completely, economic relations with one or more third countries, the Council shall take the necessary urgent measures. ”

“ The European Regional Development Fund is intended to help to redress the main regional imbalances in the Community through participation in the development and structural adjustment of regions whose development is lagging behind and in the conversion of declining industrial regions. ”

“ The Union shall establish an internal market. It shall work for the sustainable development of Europe based on balanced economic growth and price stability, a highly competitive social market economy, aiming at full employment and social progress, and a high level of protection and improvement of the quality of the environment. ”

“ The internal, common, market of the EU has matured. Its growth rate has leveled off and it has developed a mild case of deflation. In previous centuries, Europe exported its excess labor and surplus capacity to its colonies - an economic system known as "mercantilism". ”

“ Because of its wealth of experience, the Organization for European Economic Cooperation could help with initial studies. The goal is to enlist all available economic resources in the industrialized Free World-especially private investment capital. ”

“ They cite the increasing preference of German companies to locate manufacturing facilities - long the strength of the postwar economy - to foreign countries, including the US, rather than in Germany, so they can be closer to their markets and avoid Germany's high production costs. The conditions under which European economic integration - especially movement toward a single European currency - will proceed will be another key issue facing Germany in the next few years. ”

“ Corporate restructuring and growing capital markets are setting the foundations that could help Germany meet the long-term challenges of European economic integration and globalization, although some economists continue to argue the need for change in inflexible labor and services markets. Growth may fall below 2% in 2008 as the strong euro, high oil prices, tighter credit markets, and slowing growth abroad take their toll. ”

“ Europe held the strategic strong points: productivity, wealth, the means of transportation, mobile fire-power. By the end of the nineteenth century Europe was the monopoly-capitalist motherland. The rest of the planet was made up of actual or potential dependents under European authority. From these outsiders living at subsistence levels, Europeans could get their supplies of food and raw materials at low prices and to them Europeans could sell their surplus manufactures, their commercial services, and their investment capital at high prices. ”

“ Article I Convinced of the close community of their interests and of the necessity of uniting in order to promote the economic recovery of Europe, the High Contracting Parties will so organize and co-ordinate their economic activities as to produce the best possible results, by the elimination of conflict in their economic policies, the co-ordination of production and the development of commercial exchanges. ”

“ Industry has become capitalistic, and the whole foundation of trading relations and commercial morality has been altered so as to open indefinite possibilities to every merchant. Civic has given place to national economic life. At the commencement of the seventeenth century neither Germany nor Italy had become true nations, but in the course of time the European peoples have come to conform more and more to the larger type of organisation that had already arisen in England and in France. ”

“ Whether it would not have been raised even if German finance and industry had held on its way in a straight course and on an even keel, cannot of course be determined, for the protectionist movement had been growing since the year 1872, owing to the propaganda of the "Verein für Sozialpolitik" (Union for Social Politics) founded in that year. But it is safe to say that the collapse of speculation due to inflowing of the French milliards greatly strengthened the forces of economic reaction. ”

“ This will open markets for farmers and workers, increase investment, and lead to greater prosperity in both the United States and the European Union. It will also make trade fairer and more reciprocal. ”

“ This is the reason why the project of the European political and economic Union is still a source of inspiration for other continents and a reference guide for a world in need of institutions, principles and rules that are capable of contributing for a regulation on a global scale. ”

“ European stakeholder capitalism is paternalistic and inclusive. Employees, employers, the government, communities and suppliers are partners in the decision making process or privies to it. Relics of past models of the market economy still abound in this continent: industrial policy, Keynesian government spending, development aid, export and production subsidies, trade protectionism, the state-sanctioned support of nascent and infant industries. ”

“ Europe is therefore more than an economic space of contestation in which our citizens are invited or required to deliver up their lives in the service of an abstract model of economy and society whose core assumptions they are assumed not to question or put to the democratic test in elections. ”

“ A moderate but explicit protectionist policy was adopted, aimed not at the special development either of rural or manufacturing industries, but at the all-round development of Germany as an independent national economic unit. ”

“ But this Treaty also meets the challenge of improving efficiency in the decision process. During these fifty years, we always knew that the European project becomes legitimate through its results. And only a Europe that is capable of deciding will be a Europe that is capable of getting results. In a world of accelerated change, in a global economy that is ever more demanding, it is absolutely imperative and urgent to adopt institutional reforms that allow Europe to meet the challenges it is facing.
Europe wants to be an open economy, which faces the challenge of global competitiveness. ”

“ These new conditions, together with others outlined in the preceding section, have made it necessary to pay more attention to the possibilities of international coöperation than ever before,—not as a restrictive measure, except temporarily in regard to the Central European powers,—but as a means of insuring open channels of movement for raw materials, and of insuring equal economic opportunities to all. Many of our mineral industries have already appealed to our government for coöperation and aid in their international dealings. ”