Despite international pressure(empty chair, budget issues, failure to accomplished common policies-monetary and political union)and external pressure (collapse of the IMF system, growing international competition ). Why was the EC the stabilizing factor in Europe at the end of the 1960s, beginning 1970s?

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Despite international pressure(empty chair, budget issues, failure to accomplished common policies-monetary and political union)and external pressure (collapse of the IMF system, growing international competition ). Why was the EC the stabilizing factor in Europe at the end of the 1960s, beginning 1970s?

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