Word: eca
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...even the U.S. did not seem to realize how much Europe-and the rest of the world-depended on that determination. In a nation which prides itself on great deeds accomplished offhand, the launching of ECA was accepted almost matter-of-factly. What ECA meant to Europe was summed up last week by London's Economist...
That was Tuesday. He saw the President at noon. At 3 o'clock he appeared at the State Department for a press conference-not on ECA but on Korea and Japan. The President had not yet announced Hoffman's appointment, although every newsman at the conference knew it was in the works. They tried to make Hoffman confirm it. He sat-a benign-faced man with bright blue eyes, protruding underlip and long nose-ducking an answer. The newsmen buzzed after him out the office door. Someone asked if he would accept the job if it were offered...
...Republican & Responsible." But three hours later the news was official. Paul Hoffman, now nominated as the boss of ECA, called another press conference. It was a different Hoffman who confronted nearly 100 newsmen, photographers and newsreel men in the Statler Hotel's Congressional Room. His answers were prompt and candid. He was supposed to be a hard-boiled businessman, said a reporter. Would he be hard-boiled with Europe? "The money we put up for European recovery can only stimulate Europe's economy," he said. "It cannot create...
Cursed Man. ECA's administrator would not have a star to steer by. He would not be able to navigate by orthodox economic rules. ECA's money would finance roughly one-half of all Western Europe's imports next year. European governments, many of them socialistic, would expect him to continue artificially propping up their present living standards as a wall against Communism. Said a Washington official: "He will be a cursed...
...Paul Gray Hoffman takes the tiller of ECA, an exhausted, socialistic Europe will meet an ebullient U.S. businessman and an evangelist of free enterprise...