Word: erhards
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Germans squelched rumors of revaluation. "No valid case for it," intoned the official Bundesbank. "Too late," agreed Economics Minister Ludwig Erhard. Then last week, having put the speculators off the trail, they went right ahead and revalued the Mark upward 5%, increasing its value to four to the dollar. The announcement came one day before the arrival of U.S. Ambassador-at-Large Averell Harriman, who would be happy to hear of any gesture toward helping close the U.S.'s dollar...
officials figured that the Germans were shrewdly saving their concessions for the new administration. Last week Economic Affairs Minister Ludwig Erhard knocked these hopeful expectations flatter than a Flensburg flounder. His big black cigar jutting out of his pink-cheeked face, Erhard formally handed U.S. Ambassador Walter Dowling a seven-page financial aid plan that called for little or no real contributions from Germany's overstuffed pocketbook...
...niggling German response left U.S. officials in Bonn openly angry. Retorted one German: "Much of American postwar aid to Germany came from food and military surpluses, which were given painlessly -why can't we do the same?" Erhard himself argues that the U.S. balance of payments' deficit is onlytemporary-the result of a capital outflow that can soon be ended. Shifting a billion across the ledgers just now and cutting the German bank rate from 4% to 3½% to reduce the temptation to investors to move their funds from New York to the Frankfurt money market, says...
...correct. Yet many people feel that they cannot trust Strauss. His hell-for-leather ways, his quick temper and his unmistakable relish for power brush many Germans, and others, the wrong way. "He is his own worst enemy," says an old friend. Typically, he supports Economics Minister Ludwig Erhard, 63, as Adenauer's successor, though he knows that Erhard lacks both health and political savvy to hang on for more than one term. Then it would be his turn. Meanwhile, there are signs that he wants to be Foreign Minister, and is beginning to work on Foreign Minister Heinrich...
Western Europe last week was amazed and bemused at the sight of the rich U.S. suddenly talking like a poor relation. Cartoonists pictured a tattered Ike holding out his hat as horrified Economics Min ister Ludwig Erhard told West German Chancellor Adenauer, "He says we have to make the same sacrifices in peacetime as we did during the war!" In Bonn, at a dinner given by the U.S. embassy for Secretary of the Treasury Anderson, one very senior German whispered jokingly to a colleague: "I hope the ambassador can afford to feed us." The London Daily Herald had a nice...