In a diplomatic cable dated 23 December 1970, the Italian Embassy in Brussels informs its Foreign Minister of the address given by Luxembourg Foreign Minister Gaston Thorn to the American and Common Market Club at its meeting on 16 December in Brussels. In his address, Gaston Thorn raised the question of the future prospects for European integration and highlighted the Werner Report, particularly the creation of a monetary cooperation fund and a new institutional architecture that meets the requirements of economic and monetary union.