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...about 50% between 1974 and 1977, Europe lost $30 or so on every ton sold. The overall deficit last year was about $3 billion, with the nationalized British Steel Corp. accounting for $1.6 billion of the total. The French industry, saddled with a $10 billion debt?Europe's highest???was in effect taken over reluctantly last September by the government. West Germany, Europe's biggest steel producer, has lost the least (about $625 million), perhaps because in the past three years it laid off the most workers...
...Program for the seventieth birthday of the All-Highest???His Majesty, the Kaiser and King...
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