Word: erhards
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...stayed in seclusion on his Rhineland estate until 1948, when he was tapped to run the agency that dispersed to German industry the credits generated by Marshall Plan aid. By insisting on first rebuilding Germany's heavy industry, Abs became, along with Economics Minister Ludwig Erhard, a major architect of the German "economic miracle." In 1953, after Adenauer asked him to settle up Allied war claims against Germany, Abs succeeded in re-establishing West Germany's international financial credit at the relatively modest cost of $3.3 billion-a feat for which the German government gratefully awarded...
Despite considerable concessions to his new government partners, the Free Democrats, Adenauer plainly remains his own boss. Der Alte blithely added to his Cabinet without consulting his coalition colleagues, further humiliated Economics Minister Ludwig Erhard (whom he considers too spineless to rule Germany) by withdrawing Erhard's unofficial title of Vice Chancellor, and coolly refused to give the Bundestag the customary summation of the new government's policies...
...West German steel production was 9 million metric tons a year (compared with 34 million today), there were 1,300,000 unemployed (none today), the average German had a monthly income of 243 marks (well over 500 today). Germany's economic recovery was largely the work of Ludwig Erhard, but it would not have been possible without Adenauer, who, while bored with the details of economics, believes firmly that the free individual, working hard for his own gain, can in the long run accomplish more than the state-subsidized creature...
...their distaste for their party leader by dropping blank white cards into the plastic ballot box. When all the ballots were counted, der Alte had squeaked through with only eight more votes than the required majority of 250. Many delegates ostentatiously sat on their hands, and Economics Minister Ludwig Erhard, who had been cruelly punished by Adenauer for his own feeble bid for the chancellorship, stalked out puffing on a dead cigar...
...that would take priority over all other expenditures. After endless wrangling, Adenauer agreed as well to a coalition committee that will pass on all government policy statements to the Bundestag, and a new Ministry of Development, handling foreign aid programs, which had been vehemently resisted by Economics Minister Ludwig Erhard...