It is thus logical and natural that the economic sacrifices to be made to
the commonwealth should find their justification only in the development of
a political situation permitting confidence between peoples and the true
pacification of minds. Even after the realisation of such a state of affairs
guaranteed by the establishment of a close and permanent pacific union
between the peoples of Europe, there would still be a need for the
introduction, on the political plane, of a heightened sense of international
requirements which would oblige members of the European commonwealth, for
the common good, to elaborate in all sincerity and to pursue effectively a
truly liberal tariff policy.
The principle that European political cooperation should be directed
towards the following essential object: a federation based on the idea of
union and not of unity - that is to say, a federation elastic enough to
respect the independence and national sovereignty of each State while
guaranteeing to all the benefits of collective solidarity in the settlement
of the political questions affecting the destiny of the European
commonwealth or that of one of its members. [...]
The principle that the economic organisation of Europe should be directed
towards the following essential object: a rapprochement of the European
economic systems effected under the political control of the governments
acting in concert.
For this purpose, the governments might themselves settle, definitively,
in a document confined to general principles which would constitute a simple
pact of economic solidarity, the objective which they intend to define as
the ideal of their economic policy (the establishment of a common market
which shall raise to the maximum the standard of human well-being in all the
territories of the European commonwealth). In the favourable atmosphere of
such a general orientation could be begun the immediate practical
construction of a rational organisation of production and of European
exchanges, by means of the progressive liberation and the methodical
simplification of the circulation of goods, capital and individuals, due
account being taken of the requirements of each State as regards national
defence [...]