While it envisaged that normal capital flows will continue, it set out the early indications of the concept of self reliance by foreseeing a steady reduction in the reliance on special foreign aid programmes and dispensing with them after a period of time.
We must be guided above all by the overriding realisation that it is essential to build a united Europe in order to ensure for ourselves peace, progress, and social justice”. 7  7  Speech to the Consultative Assembly of the Council of Europe, Strasbourg, 16 September 1952. BIS central bankers’ speeches  5