european payments union: oecd historical exhibit
TRANSCRIPT
OECD Library & Archives
Historical Exhibit _____________________________________________________________________
OEEC and Monetary Cooperation in Europe’s Post-war Recovery
©Marshall Plan Foundation/OEEC-OECD/OCDE
EUROPEAN PAYMENTS UNION (EPU) UNION EUROPEENNE DE PAIEMENTS (UEP)
©OECD
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…
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…
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.
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…
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…
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.
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…
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.
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.
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.
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. »
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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