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European League for Economic Cooperation

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The European League for Economic Cooperation is an independent European policy advocacy network promoting economic cooperation and closer European integration.

Last updated August 25, 2026

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Overview

The European League for Economic Cooperation, commonly known as ELEC and also identified by its French name, Ligue Européenne de Coopération Économique or LECE, is an independent political and economic advocacy organization focused on European integration. Founded in 1946, it emerged in the immediate post-war period, when European political, business and intellectual leaders were seeking institutional arrangements that could support peace, reconstruction and closer economic interdependence. Its founding figures included Belgian statesman Paul Van Zeeland, Polish political organizer Józef Retinger and Dutch businessman Pieter Kerstens. Other influential European figures, including Edmond Giscard d'Estaing, Harold Butler and Hermann Abs, joined the initiative during its formative period. ELEC is organized as a federation of national sections rather than as a centralized mass-membership movement. Its sections have substantial autonomy in recruiting members, raising funds and arranging national activities. Membership has historically been drawn largely from economic and financial circles, while the organization has also cultivated relationships with senior civil servants, European officials, academics and policy specialists. This composition gives ELEC a deliberative and expert-oriented character: it operates primarily through discussions, commissions, conferences and policy papers rather than public mobilization or electoral campaigning. The organization was among the founding bodies of the European Movement in 1948 and participated in the Congress of Europe at The Hague. Its central policy objective has consistently been greater European cooperation, particularly in the economic and monetary fields. ELEC's work is conducted through commissions that examine themes such as economic and social policy, Mediterranean cooperation and monetary integration. These commissions invite outside experts, debate current issues and prepare resolutions, position papers and other publications. The resulting work is intended to inform policymakers and widen discussion among business, finance, government and academic communities. Monetary integration has been a particularly durable area of activity. In 1956, ELEC's Monetary Commission held the first meeting of what became the Kronberg Monetary Conference at Schlosshotel Kronberg near Frankfurt, at the invitation of Deutsche Bank and under the chairmanship of Hermann J. Abs. The gathering developed into a long-running forum for private, expert-level exchanges involving senior bankers, central-bank governors, European commissioners, members of the European Parliament and officials associated with the European Central Bank. The conference retained the Kronberg name even when hosting responsibilities later shifted among major European banks. ELEC's governance is centered on a Central Council, which brings together presidents of active national sections and elected individual members under the International President. The council approves the organization's positions, reviews commission programmes and authorizes the circulation of resolutions in ELEC's name. Funding is based on annual contributions from the national sections. The organization has advisory status with the Council of Europe and the United Nations Economic Commission for Europe. Its archives are deposited with the Historical Archives of the European Union in Florence. ELEC is therefore best understood as a long-standing European policy network and forum for economic cooperation, rather than a commercial product brand or a mass political movement.

History

ELEC was established in 1946 during the early post-war debate over how European countries could rebuild their economies and prevent renewed conflict. Its founding coalition brought together prominent figures from Belgium, Poland and the Netherlands, and soon expanded to include participants from France, the United Kingdom and Germany. The organization was designed as a cross-border forum in which economic and financial leaders could consider practical forms of cooperation and the institutional future of Europe. Unlike a mass political movement, ELEC developed as an elite and expert network. Its national sections formed the operational base of the organization, retaining considerable independence in membership recruitment, financing and programme development. The sections connected national economic communities with the league's international activities. This federated structure enabled ELEC to maintain a European outlook while allowing discussions to reflect the circumstances of individual countries. The league became one of the founding organizations of the European Movement in 1948 and was represented at the Congress of Europe in The Hague. Its participation placed it within the broader post-war movement advocating European unity. Over subsequent decades, ELEC concentrated on economic integration, social and economic policy, Mediterranean relations and monetary cooperation. Its commissions became the principal setting for research, expert presentations and the drafting of resolutions and position papers. Monetary affairs became one of the league's most enduring priorities. On 14 July 1956, the Monetary Commission met for the first time at Schlosshotel Kronberg near Frankfurt, with Deutsche Bank as host and Hermann J. Abs presiding. The meeting examined monetary conditions relevant to a common European market and began a sequence of annual or near-annual gatherings known as the Kronberg Monetary Conference. These meetings provided a relatively private setting for discussions among prominent bankers, central-bank officials, European commissioners, parliamentarians and other specialists. Jean-Claude Trichet, among other senior European monetary figures, was associated with the conference as a regular guest. After 2007, hosting responsibilities were taken up by other European banking institutions. ING Group hosted meetings in Amsterdam in March 2009 and in The Hague in November 2011, while Rabobank was identified as a prospective sponsor for a subsequent meeting. Although the host institutions changed, the Kronberg designation continued to signal continuity with ELEC's long-running monetary dialogue. ELEC is governed by its Central Council, composed of leaders of active national sections and elected individual members, under the International President. The council approves programmes and adopts resolutions on behalf of the organization. Its commissions remain open to members and may bring in external experts, with some conferences designed for a wider audience. The league is financed through annual contributions from national sections and has advisory status at the Council of Europe and the United Nations Economic Commission for Europe. Its archival record is held by the Historical Archives of the European Union in Florence.

  • 2011

    Kronberg conference held in The Hague

    [1]

    ING Group hosted another meeting in The Hague on 13 November.

  • 2009

    ING hosts the Kronberg conference in Amsterdam

    [1]

    ING Group hosted a Kronberg meeting in Amsterdam on 5–6 March as the conference series continued under new banking hosts.

  • 1956

    First Kronberg Monetary Conference

    [1]

    The Monetary Commission held its inaugural Kronberg meeting at Schlosshotel Kronberg to discuss monetary conditions for a common market.

  • 1948

    Founding role in the European Movement

    [1]

    ELEC became one of the founding organizations of the European Movement and participated in the Congress of Europe at The Hague.

  • 1946

    Organization founded

    [1]

    Paul Van Zeeland, Józef Retinger and Pieter Kerstens established ELEC as a cross-border organization promoting European economic cooperation.

Products and positioning

An independent, expert-led European policy network connecting economic and financial communities with public officials, academics and policymakers to advance European cooperation and integration.

  • Research and advocacy

    Policy papers and publications

    ELEC's commissions prepare analytical papers, resolutions and other publications on European economic cooperation. The work is developed through member discussions and presentations by external experts, and is intended to contribute informed views to debates involving national and European policymakers.

  • Policy conference · 1956

    Kronberg Monetary Conference

    The Kronberg Monetary Conference is ELEC's best-known recurring forum. Originating in 1956, it has convened senior figures from banking, central banking, European institutions and academia for confidential discussion of monetary integration and related European economic questions.

  • Expert network

    Working commissions

    ELEC's Economic and Social, Mediterranean and Monetary commissions provide structured settings for members to examine policy issues, commission research, hear specialist presentations and develop organizational positions.

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