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Obviously, this deadline was a little overambitious for a group of countries whose only collective achievements had been the European Coal and Steel Community, an atomic energy community (Euratom), a customs union (the European Economic Community), and the Common Agricultural Policy of farm-product subsidization. The only accomplishment of the 1962 effort was a Committee of Central Bank Governors which was set up in 1964 but did not actually operate until the 1970s.
At the Hague Summit in 1969, European governments delegated a committee headed by Pierre Werner, then Prime Minister of Luxembourg, to devise a new plan...
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