Word: eca
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Jean Duval's extreme plight is not typical in France today, but there still are thousands of French workers who, despite the country's ECA-financed recovery, are only slightly better off than Duval.* It is among their bitter ranks that the Communists win their votes. France's Communist Humanité promptly turned Duval's story into ready political capital. When readers of Le Monde started sending money and gifts to Duval, Humanité snorted: "The workers want no alms . . ." Later it added: "Plumber, take the gifts in money and kind that the grand bourgeois...
...three months in Washington, British, Canadian and U.S. oil experts have been conferring on a broad and complex question: How can Britain cut down on its greatest dollar drain, the $625 million a year it spends to buy and produce oil? ECA had tried to help: it had allocated $30 million for the construction of oil refineries in Britain...
While many a U.S. oilman realized that Britain had to conserve its dollars, some thought that the sudden ban was really an attempt to freeze U.S. oil out of the sterling area for good. Some Congressmen from the oil states were already up in arms: ECA, which must go before Congress this month for more money, feared that they might force a cut, particularly since ECA itself had helped cause the sterling oil surplus. It was also a blow to the U.S. idea of freer world trade. Said one ECA oilman: "Everything that happens in international trade happens first...
...Then ECA needed a high-level expert to formulate and carry out its transport policy in Greece. Jim Glynn's application blank-embellished with a few more additions-was studded with so many achievements that ECA hired him on the spot at $12,000 a year and sent him to Greece. He did his usual competent job. But after five months, ECA suddenly told him his work was unsatisfactory and fired...
...ECA, it seemed, had done some checking up on Jim's application blank, discovered Jim's little embellishments and charged him with making fraudulent statements. It wasn't that Jim hadn't done a bang-up job all the way. It was just about like Jim Glynn had always figured-no one would believe he could be a big-shot transportation executive without a college degree...