In 1949, he became the chair of the European Parliamentary Union.

The European Parliamentary Union (EPU) was a private organization set up by Count Richard Nikolaus von Coudenhove-Kalergi, who was also its Secretary General.

This enquiry resulted in the founding of the European Parliamentary Union (EPU), a nominally private organization that held its preliminary conference on 4-5 July at Gstaad, Switzerland, and followed it with its first full conference from 8 to 12 September.

Count Richard Nikolaus von Coudenhove-Kalergi proposed that they adopt the flag of his International Paneuropean Union, which was a blue, with a red cross inside an orange circle at the centre, which he had himself recently adopted for the European Parliamentary Union.

In 1952 became an executive member of the European Payments Union.

The European Payments Union was created, for the benefit of fifteen Western European nations, to stabilize their currencies.

Administered by the Organisation for Economic Co-operation and Development, it is the successor of the European Payments Union.

Reconstructing Europe's Trade and Payments: The European Payments Union.

The European Payments Union (EPU) was an organization in existence from July 1950, until December 1958, when it was replaced by the European Monetary Agreement.

Neither has there been any work relating the relaxation of currency controls and the establishment of convertibility within the European Payments Union to changes in the volume and pattern of foreign trade.

Here, too, early post-World War II experience may provide a solution: the European Payments Union, established under American leadership in 1950, cut through a tangle of bilateral payments arrangements between war-ravaged countries.

Indeed, it had even baulked over the European Payments Union for five months until it gained complete assurance that it would still be able to retain sole control over sterling as an international reserve currency.

A general system of multilateral trade and payments became more tenable in the 1950s when the European Payments Union was formed to take over payment settlements between European countries (including their colonies and dependencies).

In 1950, together with Hubert Ansiaux, he was involved in setting up the European Payments Union with the aim of replacing bilateral payments with a system of multilateral trade and payments.

On one economic issue after another - the American Loan, the coal crisis, the dollar problem, devaluation, the European Payments Union - they were slow to grasp the true options of policy and had great difficulty in reaching sensible conclusions.

The fund, similar to the U.S.-sponsored European Payments Union that enabled Western Europe to make this transition 40 years ago, would provide a supply of dollars, marks and other currencies on which the countries could draw to settle accounts.

The US thus altered its vision from universal multilateralism to regional multilateralism, which it would promote in Europe through the Marshall Plan, the European Recovery Program (ERP), and the European Payments Union (EPU).

The key to the Marshall Plan's success was not foreign aid itself but the establishment of the European Payments Union, which guaranteed that currencies could be freely converted throughout Western Europe so that countries could attract outside private capital and grow through expanded trade with their neighbors.

In a recent interview, the Italian Foreign Minister, Gianni De Michelis, discussed the European plan for a such a hard-currency fund, similar to the European Payments Union the United States created to assist Western Europe's recovery after World War II.

The policies chosen are; the management of the coal, iron and steel industries, the management of the European Payments Union, the management of some aspects of nuclear research, and the commercial policies agreed in the OEEC and in the Treaty of Rome.