Word: benelux
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...East-West trade, the U.S. has cut its Sino-Soviet imports from $233 million in 1948 to $67 million last year, and its sales to the same bloc from $397 million to only $1 million. By comparison, Britain last year sold $156 million worth of goods to these nations; Benelux sold $97 million, Italy $58 million, France $42 million. All the sales are about one-third or less in units of the prewar level...
...mark has risen in value from 6? to around 22?, and is rivaling the Swiss franc for stability. Italy's lira, which sank as low as 915 to the dollar during 1948's fears of Communist election victories, is almost up to the official rate (625). The Benelux nations-Belgium, The Netherlands, Luxembourg-established such a good postwar export trade that their stable currencies did not even tremble during the disastrous floods. By contrast, France, still without a Premier, was running so big a governmental and export deficit that the U.S. last week...
...they had come to bury the European Army, not to raise it. France's proposed amendments to the European Defense Community treaty threatened to make it so acceptable to French opponents of the army that it would be completely unacceptable to West Germany, Italy and the three Benelux nations...
Both amendment and ratification hinge on the settlement of one key issue. While Italy and the Benelux nations look on, France and Germany are fighting an epilogue to the Second World War. Haunted by visions of a new German militarism, the French demand a series of protocols which will assure them maintenance of a military upper hand. Heading France's list is the continuation of occupation rights, plus permission to withdraw French troops from the European army at any time, without losing Defense Community voting rights. Since the two nations are far from agreement on these points, and compromise...
Minor Alterations. To woo the nationalists, who insist that France must keep full control over its army, Mayer presented the five other EDC partners (West Germany, Italy and Benelux) with nine last-minute protocols, each one subtly designed to change the sense and substance of EDC in France's favor. If accepted, the most important changes would...