ECSC WIND UP
February 1st, 2003
BY KEITH NUTHALLTHE EUROPEAN Union Council of Ministers have appointed the European Commission as the long term guardian of the goals and assets of the new defunct European Coal and Steel Community. It has been given control of any resources remaining after the winding up of the institution and has been ordered to manage these assets "as to ensure a long-term return....aimed at the highest possible yield that is compatible with security." In a formal EU Decision, ministers have formally laid down that this income should be spent on "financing research projects in ...
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