Word: ega
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What the Wise Men Said. Last month, EGA Administrator Paul G. Hoffman declared that OEEC must take on the job of whacking up U.S. aid among the various Marshall Plan countries. So a four-man committee (Britain, France, The Netherlands, Italy) locked itself in a solitary villa near Paris, to make suggestions about how the $4,875,000,000 for ECA's first year should be divided...
Easygoing James Bruce soon had headaches galore. Argentina had stopped payments on U.S. investments. Strict regulations worked against U.S. capital and business in Argentina. Last June the U.S. contributed a crusher: EGA hinted that unless Argentina stopped gouging its customers, EGA would buy no Argentine wheat or beef-in other words, Argentina would get no dollars through European financing...
Last week Ambassador Bruce was back in Washington talking things over. Bargain buying by the U.S. Army of small lots of Argentine beef, lamb and turkey for use in Germany suggested a far from united economic front against Argentina. What went on? EGA, which holds the strings of the biggest purse, gave Ambassador Bruce the score. The EGA would not spend a dime of the U.S. taxpayer's money in Argentina until the Peron government gave some hard & fast promises to: 1) sell to the U.S. at world prices; 2 ) sell to Marshall Plan countries at world prices...
...Sellout!" Economic Cooperation Administrator Paul G. Hoffman had set up a $6,000,000 fund for U.S. technical advisers to EGA countries. Cripps summoned the National Production Advisory Council of Industry and proposed a joint Anglo-American Council of six labor men from Britain's Trades Union Congress, six manufacturers from the Federation of British Industries and six American industrial experts, including labor leaders. The NPACI agreed...
...Socialist supporters asked if the nationalization of iron and steel would be delayed if U.S. private enterprise was called in as adviser. The fears and frustrations of a dogged, weary nation came tumbling out. Was this council an economic instrument whereby America could keep a hold on Britain through EGA? Would it cut British exports? Would it give Americans a competitive advantage...