Word: ega
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...habitually brisk fashion, the House extended EGA by a thumping 354 to 48 votes, quickly ironed out its differences with the Senate, and sent to the White House a bill authorizing $5,580,-000,000 - substantially what ECAdministrator Paul Hoffman had asked...
...program for developing the world's backward areas. The rest of the articles ranged from a talk with an Iowa farmer to an essay on the Adamses of Massachusetts. Future issues will also be devoted to one political or economic "symphonic theme," such as civil rights, cotton, or EGA...
James Zellerbach, 57, a slight, balding Pacific Coast paper & pulp man (Crown Zellerbach), had bustled into Italy nine months ago, an'EGA chief brimming with vim, vigor and the proverbial vitality of American business. Left-wing Italian newsmen heckled and flustered him. Government ministers, explaining land redistribution, stared when he cut them short with "I'm not interested in politics. I want facts. It's strictly a business proposition." Washington heard that Zellerbach had antagonized just about everyone he met, that he was ripping into left, center and right for not seeing things the way Americans...
They had established the Organization for 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...
They had launched the Intra-European Payments plan, also known as "the little EGA." This is an important financial device which has had marked success loosening log jams in European trade. The Italians, for example, cannot buy goods from Belgium because they lack Belgian currency. The Belgians, therefore, agree to grant the Italians the necessary exchange to buy Belgian goods. Then EGA in Washington reimburses the Belgians with an equivalent grant in ECAid. Thus the U.S. dollar works "twice"-for the Belgians, and through them for the Italians. This device has released some 810 million U.S. dollars of intra-European...