Economic Ministers of the six European Coal and Steel Community nations met in Luxembourg, March 2, under the presidency of the Belgian Minister M.
Economic Ministers of the six European Coal and Steel Community nations met in Luxembourg, March 2, under the presidency of the Belgian Minister M. Van Der Schueren to examine French steel prices and the slump in Belgian and German coal sales.
By a majority decision, (dissenters France and the Netherlands) it was agreed to recommend the High Authority of the Community to ask the French Government to adjust its low steel prices brought about by devaluation of the Franc in December last year. A 4 per cent export tax was suggested. The French delegation denied that French prices were lower than those of any other member country.
The coal crisis was not considered as the High Authority, despite contacts with various Governments, has not yet defined its attitude.
The Ministers ratified a subsidy of 802 million Francs (???5,700,000) to the Belgian miner for last year and agreed upon subsides for this year ( if adequate reorganization is to submit a plan for the Centrum basin before March 31 and one for the Charleroi basin before May 31)
Advice to the High Authority to act on its own responsibility was the main result of this meeting. The ministers meet again on March 23.