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After World War II, the U.S. led the way in creating an agency, the Organization for European Economic Cooperation, to coordinate the postwar reconstruction of Western Europe.

In Paris, Under Secretary of State Douglas Dillon exhorted 18 members of the Organization for European Economic Cooperation to join the U.S. and Canada in a gigantic economic pool to help solve mutual problems and share the heavy responsibility for aiding underprivileged nations.

This week the Organization for European Economic Cooperation showed Soviet generosity to be largely a myth.

Under a plan advanced by Pella, the U.S. and the 17 members of the Organization for European Economic Cooperation would set up a joint fund for easy-term economic development loans to Middle East countries.

At the same time, the Organization for European Economic Cooperation issued a progress report on the situation in France.