WESTERN EUROPE: Paying the Price

Paying the Price Diplomats called it "the meeting which must not fail." As they settled down around the conference table in Paris last week, the Premiers and foreign ministers of Western Europe's six Common Market nations* knew that they must either reach final agreement on their plans for a super-customs union or renounce the most plausible step yet towards a united Europe.

The meeting did not fail. As the price of French participation in the Common Market the other prospective members agreed to invest $381,250.000 in France's overseas territories during the next five years. This concession—a painful one for West...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!