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Oil Crisis Action Urged by European Common Market
The European Common Market urged urgent steps to counter fuel shortages from Arab oil cuts. Nine nations' ministers and officials met in Brussels to discuss emergency petroleum plans, energy committee creation, anti inflation measures, and short term crisis readiness amid forecasts of slower growth and higher unemployment. Traffic bans and cold weather affected daily life across Europe as governments weigh controls on prices, incomes, and energy use.
MENTIONED IN THIS ARTICLE
Plomatics
Nance
Brussels
Europe
West Germany