European Recovery Programme


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Related to European Recovery Programme: Marshall Aid

European Recovery Programme

n
(Historical Terms) the official name for the Marshall Plan
References in periodicals archive ?
Officially known as the European Recovery Programme and passed by the US Congress in March 1948, the Marshall Plan provided unequal sums of money to an impoverished Western Europe, stopping a humanitarian disaster and helping spur long-term economic recovery.
The case for a bond funded European recovery programme, financed by both the European Investment Bank and European Investment Fund, had been recommended by one of us to Jacques Delors (Holland, 1993) and was the cornerstone of his 1993 "full employment" White Paper, which was approved by the 1994 Essen European Council and endorsed by Mitterrand, Chirac, Prodi and other heads of government at successive European Councils thereafter.
The Marshall Plan (officially the European Recovery Programme) was an American initiative launched in 1947.

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