European Communities

Extract

The European Parliamentary Assembly held its second meeting in Strasbourg, May 13 and 14, 1958, under the chairmanship of Robert Schuman. Mr. Paul Finet, President of the High Authority of the European Coal and Steel Community (ECSC), presented the sixth general report on ECSC activities. Speaking of developments which the High Authority had to take into account in planning its future action, Mr. Finet referred to the direct exposure of the coal and steel industries to the consequences of an economic recession, the increasing competition and falling prices on the steel market, the need for stabilization of coal production and consumption, and the desirability of encouraging technical research and increasing safety in the mines. Turning to the matter of ECSC's cooperation with the European Economic Community and the European Atomic Energy Community, Mr. Finet pointed out that the absence of a decision concerning the seat of the European institutions constituted a major obstacle, but that the High Authority was ready to contribute toward further integration of the communities. Regarding a free trade area, the High Authority considered it essential that ECSC's power of action within the community should remain unimpaired. The High Authority believed that the price-fixing system prevailing within the European Economic Community called for the adoption of similar rules within the free trade area and that the granting of governmental subsidies should be prohibited.