On 1 June 1970, Hans Tietmeyer, an official in the German Ministry of the Economy and alternate member of the Werner Group, submits a report to Johann-Baptist Schöllhorn, State Secretary in the German Ministry of the Economy, on the conclusions of the Conference of Economic and Finance Ministers held in Venice on 29 and 30 May 1970, at which the ministers debated the plan by stages for an economic and monetary union.