Word: luxemburg
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...director of the Cincinnati Reds. A perennial delegate to Democratic conventions, he was a national committeeman from 1936 to 1944, was once lieutenant governor of Ohio, in 1940 was the state's favorite-son candidate for President. Franklin Roosevelt appointed him ambassador to Belgium and minister to Luxemburg in 1944. He and Harry Truman are old friends...
...Development announced that it had come profitably through its salad days. In nine months, President John J. McCloy had turned the World Bank's $1,063,805 deficit into $1,178,792 profit. Chief income: interest on $497,000,000 in loans to France, The Netherlands, Denmark and Luxemburg...
...alliance between Britain and four European powers (France, Belgium, The Netherlands and Luxemburg) is a mistake; Britain should abandon it. Britons should have as little as possible to do with other Europeans, who are their inferiors...
Amid Weeping Willows. In Brussels, the Foreign Ministers of Belgium, France, Britain, The Netherlands and Luxemburg signed their 50-year military and economic alliance (TIME, March 22). In Paris, 16 delegates of the Marshall Plan nations settled down in the quiet Hotel Royal Monceau, to work out controlling statutes for ERP, hoped to be finished in three weeks. In Stockholm's Kanslihuset (meaning Chancellery), which is aptly surrounded by weeping willows, the Prime Ministers of Sweden, Norway and Denmark met to confer on the Communist threat their countries face. Hitherto, they had carefully avoided antagonizing the Reds; last week...
...London, 71 M.P.s signed an appeal for the merger of Western Europe (see below). In Brussels, the defense pact between Britain, France, Belgium, The Netherlands and Luxemburg (TIME, March 15) was ready for signing. Said Belgium's Paul-Henri Spaak: "The moment is vital. . . . [But] the best treaty in the world is worth only what its execution is worth. A diplomatic formula is not hard to find. A military agreement is not hard to make. But economic collaboration between people . . . that is the obstacle which must be surmounted...