Word: long
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Dates: during 1940-1949
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Austrians, who are eager to get a treaty and get rid of their occupation armies, thought few essential Russian demands remained that could not be settled by compromise. Barring another last-minute Russian switch, it looked as if the Austrians would before long have their wish...
...Long-Range. As EGA sees it, economic integration includes two sets of objectives, one long-range, one shortrange...
...long-range objective is simply the fusion of Western Europe's separate, relatively autarchic economies into one large, American-style free trading area. Only such a single market (with an estimated 270 million customers) could sustain efficient mass production in Western Europe; it would also force Western Europe's flabby protectionist capitalism into a new, competitive way of life...
...middle stage between the short-range and long-range objectives would be regional groupings, like the proposed monetary and customs union among Benelux, France, Italy and, eventually, Western Germany...
...land ruled by Konrad Adenauer still bears the brutal stamp of total defeat. It also bears the pale, pinched look of poverty. The free-enterprise economic policies, put to work under military government, have led West Germany's 46 million hard-working people from near-starvation a long way toward recovery. But the country's economy is still far from healthy. Most of the shops are full, but intelligent Germans tell Americans: "What we see in the store windows are your dollars." It is nearly $1 billion a year from the U.S. which keeps West Germany going...