Finance Ministers of the European Common Market countries, meeting in Brussels on Monday (March 6), came close to agreement about reducing the fluctuation margins permitted between their currencies.
GV EXT EEC building in brussels
SV INT Ministers entering
MV Belgian Minister Vlerick
MCU German Minister Schiller
MV Dutch Minister Nelissen
MV Nelissen shakes hands with French Minister Giscard D'Estaing
MV Acting President Hartekamp enters
MV Schiller takes seat
SV Delegates seated
CU Colombo (Italy)
SV & GV PAN Delegates seated
Initials BB/0230 BF/BOB/BB/0210
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Background: Finance Ministers of the European Common Market countries, meeting in Brussels on Monday (March 6), came close to agreement about reducing the fluctuation margins permitted between their currencies. It was the first day of a two-day meeting called to relaunch the Community's move towards economic and monetary union, and to pave the way for a super-session of the Common Market's decision-making council in Brussels on March 20 and 21.
The Finance Ministers of Britain and the other countries applying for Common Market membership were being advised of progress. And while the Brussels meeting was under way the British Government in London was winning a handsome 47-vote majority against the latest Opposition challenge to its Common Market legislation.
The French Finance Minister--Valary Giscard D'Estaing--said on arrival that the meeting was important for the world's economy, and aimed to set up a great European monetary and economic entity to provide international monetary equilibrium.