The economic mission of the ECSC (article 2) was to "contribute to economic expansion, the development of employment and the improvement of the standard of living in participating countries". Writing in Le Monde in 1970, Gilbert Mathieu argued the Community had little effect on coal and steel production, which was influenced more by global trends. From 1952, oil, gas, and electricity became competitors to coal, so the 28% reduction in the amount of coal mined in the Six had little connection with the Treaty of Paris. However, the Treaty caused costs to be reduced by the abolition of discriminatory railway tariffs, and this promoted trade between members: steel trade increased tenfold. The High Authority also issued 280 modernization loans which helped the industry to improve output and reduce costs.
The economic mission of the ECSC (article 2) was to "contribute to economic expansion the development of employment and the improvement of the standard of living in participating countries". Writing in Le Monde in 1970, Gilbert Mathieu argued the Community had little effect on coal and steel production, which was influenced more by global trends. From 1952, oil, gas, and electricity became competitors to coal, so the 28% reductio,n in the amount of coal mined in the Six had little connection with the Treaty of Paris. However, the Treaty caused costs to be reduced by the abolition of discriminatory railway tariffs, and this promoted trade between members: steel trade increased tenfold. The High Authority also issued 280 modernization loans which helped the industry to improve output and reduce costs.