Word: aswan
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...praise is admittedly faint, however, for Dulles' action immediately preceding nationalization shaped Nasser's reaction. It is true, of course, that discussions with Egypt about the Aswan Dam had been long and tedious, and it is also undoubtedly true that Nasser was trying to bluff the West with a nonexistent Soviet offer. But how the West could have withdrawn its offer only two days after Nasser had publicly accepted it, and at the same time have expected no startling results, is difficult to understand. Washington obviously thought a public insult by the deeply distrusted West would result in the Colonel...
...part about the Aswan Dam offer was that it was ever permitted to turn into a game. Here the Nasser regime certainly deserves blame--especially for putting out false rumors of a mythical Soviet offer. But it was Washington which decided, after Egypt's purchase of Czech arms, that Nasser would have to go. To topple his regime, Nasser's major plan for economic development was insultingly rejected, and Washington waited. There is strength in this case, and Dulles' biggest gamble may yet pay off. The West must not forget that it is not playing with a dictator...
...action yet reported gloomily that the British and French seemed in dead earnest about closing in on Nasser. Italy sent Ambassador Giovanni Fornari flying to Cairo with an urgent appeal to Nasser to soften his stand, sweetened it with a hint of big Italian construction help (FIAT) on the Aswan...
...word that it was just a commercial transaction with the Czechs, based on considerations of self-defense and the need for bartering away surplus cotton. Turning the other cheek, the U.S. practically embargoed arms shipments to Israel, and even volunteered to help build a $1.3 billion dam at Aswan, offering Nasser a $56 million grant for a starter. The World Bank pledged an additional $200 million loan...
...Egypt's Dictator Gamal Abdel Nasser early last week as he presided over the dedication of a new Cairo refinery. While Soviet Ambassador to Egypt Evgeny Kiselev nodded approvingly in the audience, Nasser spluttered his anger at the U.S. withdrawal of its offer to build the billion-dollar Aswan Dam, and branded as "lies" the U.S. explanation that it acted because of the shakiness of the Egyptian economy (TIME, July 30). Choking on his own fury. Nasser promised: "Egypt is going ahead with the High...