Word: eca
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Dates: during 1940-1949
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...Fascist government just when we are trying so hard to encourage democracy in western Europe. It would give Russia a fine propaganda point; one which the Communists have already used effectively. The refusal of U.S. help may make things temporarily more tough for the Spanish people, but ERP or ECA or recognition or alliance will serve very nicely to indeterminately prolong their suffering...
Norman Collisson, 47, stocky, go-getting industrial engineer (onetime chief power engineer, American Gas & Electric Co.), was the hard-working chief of ECA's mission to Germany's Bizonia. As a Navy captain, he had a peculiar wartime job: running strikebound plants (York Safe and Lock, some 60 oil refineries) seized by the Navy. Now he was trying to tap Bizonia's vitally needed industry. "Western Europe," he said, "is like a machine that has run way down. Part needs oiling, part replacing, part overhauling. Before this machine can achieve top efficiency again, every single piece must...
Thomas Finletter, 55, a Philadelphia-born Wall Street lawyer (son and grandson of judges) with a trigger-quick mind, served as ECA's chief in Britain. Reticent, hardheaded and caustic-humored, Finletter has been called "the little acid drop." The British did not mind his sharpness. Said one appreciative Whitehaller, lifting his eyes to the ceiling: "If only all the people we had to deal with were like Finletter...
...help had not resolved Holland's overseas mercantile problem-how to restore trade with Indonesia and her once lucrative transoceanic shipping in general. But ECA's pressure had helped bring about one solid achievement long dreamed by the Dutch: economic union with their Benelux neighbors, the Belgians and Lux-embourgers...
...European Economic Cooperation. Through OEEC and its subcommittees, the 19 participants are correlating their plans and EGA requirements for economic stability by 1953. In so doing, they have broken precedent. They have frankly exchanged economic information once regarded as state secrets. They have agreed to continue OEEC after ECA's demise...