european payments union: oecd historical exhibit
TRANSCRIPT
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OECD Library & Archives
Historical Exhibit _____________________________________________________________________
OEEC and Monetary Cooperation in Europe’s Post-war Recovery
©Marshall Plan Foundation/OEEC-OECD/OCDE
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EUROPEAN PAYMENTS UNION (EPU) UNION EUROPEENNE DE PAIEMENTS (UEP)
©OECD
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Alexander Verdeles, Head of the Delegation of Greece to the OEEC Signing of the EPU Agreement, Paris, 19 September 1950
© OECD/OCDE
Quoting an OEEC press release on the EPU…Citant un communiqué de presse de l’OECE concernant l’UEP…
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Attilio Cattani, Head of the Delegation of Italy to the OEECSigning of the EPU Agreement, Paris, 19 September 1950
© OECD/OCDE
“If four people play bridge during an evening… « Si quatre personnes jouent ensemble au bridge pendant toute une soirée…
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C.C. Cremin, Head of the Delegation of Ireland to the OEECSigning of the EPU Agreement, Paris, 19 September 1950
© OECD/OCDE
…they may settle their debts at the end of each rubber....elle peuvent régler leurs dettes à la fin de chaque partie.
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Erik de Sydow, Head of the Delegation of Sweden to the OEECSigning of the EPU Agreement, Paris, 19 September 1950
© OECD/OCDE
But if they change partners continually…Mais si elles changent de partenaire continuellement…
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Eyvind Bates, Member of the Delegation of Denmark to the OEECSigning of the EPU Agreement, Paris, 19 September 1950
© OECD/OCDE
…they may prefer to keep the score on a piece of paper……elles peuvent juger plus commode de tenir les comptes sur un bout de papier…
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Frei de Andrade, Head of the Delegation of Portugal to the OEECSigning of the EPU Agreement, Paris, 19 September 1950
© OECD/OCDE
…and only settle at the end of the evening.…et de ne les solder qu’en fin de soirée.
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H. Ellis Rees, Head of the Delegation of the United Kingdom to the OEECSigning of the EPU Agreement, Paris, 19 September 1950
© OECD/OCDE
Only the players who are net losers will play…Seuls ceux qui finissent perdants auront à payer…
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Herbert Prack, President and Head of the Delegation of Austria to the OEECSigning of the EPU Agreement, Paris, 19 September 1950
© OECD/OCDE
…only the net winners will receive.…seuls ceux qui finissent gagnants percevront quelque chose.
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Karl von Mangoldt, Head of the Delegation of Germany to the OEECSigning of the EPU Agreement, Paris, 19 September 1950
© OECD/OCDE
The man who has lost as much as he has won will neither pay nor receive.Celui qui perd autant qu’il gagne ne paiera ni ne recevra rien.
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Nicolas Hommel, Head of the Delegation of Luxembourg to the OEECSigning of the EPU Agreement, Paris, 19 September 1950
© OECD/OCDE
The first method, settlement at the end of each rubber, is like a bilateral payments system.La première méthode, solder les comptes à la fin de chaque partie, est un système de paiement bilatéral.
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Petur Benediktsson, Head of the Delegation of Iceland to the OEECSigning of the EPU Agreement, Paris, 19 September 1950
© OECD/OCDE
Settlement between net winners and net losers is like a multilateral system.”Solder les comptes entre gagnants et perdants est comme un système multilatéral. »
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Torfini Offedal, Member of the Delegation of Norway to the OEECSigning of the EPU Agreement, Paris, 19 September 1950
© OECD/OCDE
OEEC (1950), Press Release, Press D (50) 14, OEEC, Paris.OECE (1950), Communiqué de presse, Press D (50) 14, OECE, Paris.
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