european payments union การใช้

• In 1952 became an executive member of the European Payments Union.
• He participated in negotiations to mitigate inflationary pressure that the European Payments Union exercised over Belgium.
• In 1950, together with Hubert Ansiaux, he was involved in setting up the European Payments Union with the aim of replacing multilateral trade and payments.
• It acted as Agent for the European Payments Union ( EPU, 1950 58 ), an intra-European clearing arrangement designed to help the European countries in restoring currency convertibility and free, multilateral trade.
• The US thus altered its vision from universal multilateralism to regional multilateralism, which it would promote in Europe through the Marshall Plan, the European Recovery Program ( ERP ), and the European Payments Union ( EPU ).
• In September 1950, with Britain s balance of payments now in surplus, Gaitskell negotiated British membership of a European Payments Union, meaning that instead of bilateral clearing, European currencies were to be convertible against one another even if not against the US dollar.
• Hubert Ansiaux supported the European integration, and from 1947 up to 1955 he was president of the Intra-European Payments Committee which had been created within the Organisation for European Economic Cooperation and served on the board of directors of the European Payments Union from 1950 up to 1955.