Word: erhards
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...Erhard had taken himself to a Finnish sauna at a Black Forest resort last week to sweat off some of his 240 Ibs. in the steam bath and to be worked over by his masseur. The phone call was from Chancellor Adenauer in Bonn. Wrapping a towel around his midriff, the professor padded to a dressing-room telephone...
There sat West Germany's roly-poly Economics Minister Ludwig Erhard being whipped with birch twigs when the phone rang...
...confidence in the pound.) To the rest of Europe's politicians and money managers, the fact that their nations had at last begun to move toward full convertibility was a source of pride and new hope. Glowed "the engineer of the West German miracle," rotund Economics Minister Ludwig Erhard: "Who will blame me for feeling deep personal satisfaction? After all, it was I who eight years ago in a world of destruction, disorder and disbelief called for convertibility. What did I get? Mockery and scorn. Yet of all conceivable forms of integration in the free world, free convertibility...
Brooding over this unsettling report, British Chancellor of the Exchequer Derick Heathcoat Amory two weeks ago took advantage of a routine Paris meeting of the Organization for European Economic Cooperation to discuss some highly private business with West German Economics Minister Ludwig Erhard and French Finance Minister Antoine Pinay. The fruits of that chat were harvested late last week, when the British treasury laconically announced that it had decided to make the pound sterling "externally convertible...
...increase in import quotas which the Common Market six will accord one another's goods beginning Jan. 1 should be temporarily extended to outside nations, while some kind of "multilateral association" is worked out between the six and the rest of Europe. This was not enough to satisfy Erhard. But Adenauer is desperately anxious for Germany to forge an unbreakable alliance with France...