The Earlier Plans, 1969–70



On 12 February 1969 the now famous Barre Plan was presented to the Council of Ministers of the E.E.C. The main aim of the Plan was the co-ordination of economic policies and monetary co-operation. This was to be achieved through:
  1. (1)

    The provision of immediate, automatic and unconditional short-term credits to member countries experiencing balance of payments difficulties.

  2. (2)

    The provision of conditional medium-term credits to member countries experiencing persistent balance of payments difficulties.

  3. (3)

    An agreement between member states regarding future growth rates.

  4. (4)

    Consultation between member countries on the coordination of their medium-term economic plans.



Central Bank Monetary Union Finance Minister Fixed Exchange Rate Member Government 
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© Peter Coffey and John R. Presley 1971

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