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Extracts from a speech by Mr. Christopher Tugendhat, Member of the European Commission, analysing the nature of the European identity, at the Welsh Development Agency. Cardiff, 5 July 1979

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  • Economics
  • Political Science

Abstract

untitled European Communities Commission Press Release ISEC/21/79 20 Kensington Palace Gardens London WS ..f-Q_,Q_ Telephone: 01-727 8090 July 4' 19'79 EMBARGO: Not to be used on agency or club tapes before 20.00 HOURS, THURSDAY, JULY 5, 1979. Speaking at a Welsh Development Agency Dinner in Cardiff on July 5, 1979, Mr Christopher Tugendhat, Member of the European Commission, analysed the nature of the European Identity. The following are extracts from his speech. The Community of the Nine is a powerful econom1c force in the modern world. It has a gross national product not far short of that of the United States of America, and considerably above that of the Soviet Union, China or Japan. Its population is larger than that of either of the two super-powers, and it leads the world in many of the most important technologies. Member States transact some 40% of the free world's trade, and hold some 30% of the world's currency reserves. They provide almost half of the official development assistance to the Third World, and much of investment and new technology which developing countries seek. These impressive facts illustrate the considerable economic strength of the Community in the world today, yet they tell only half of the story. The re- markable post-war recovery of Europe has been accompanied by a relative decline in the world power, political, military, and economic, of the European nations. While our trade has expanded, our share of world trade has diminished. Whereas once Europe met some 90% of its own energy needs, it now depends on imports for around 50% of its supplies. Our technological and industrial dominance of the world has been considerably reduced while new developments in Japan, the USA and the Soviet Union have proceeded by leaps and bounds. Europe therefore presents a picture both of greath strength and of great vulnerability. Great prosperity has also brought with it greater dependence. In the world of the super-powers there are

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