ABSTRACT
When the European Economic Community was formed, many leading people were convinced that American capital would be needed more than ever to assist in expanding and modernizing European industry. The European Economic Community should even, it was said, encourage the participation of American capital in European business in order that the goals laid down in the Treaty of Rome might be attained. There was, of course, the European Investment Bank; however, the volume of credit at its disposal would certainly be insufficient to meet all investment requirements.
