Word: oeec
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...British were veering toward a practical, circumspect approach. They were inclined to ask for only a little now in the way of special help from the U.S., in the hope of more later. Specifically, they would probably propose a larger British slice of the ECA pie for Europe, which OEEC is currently fighting over (see below); a freer hand in spending their ECA allotment; a cut in U.S. tariff duties on British goods, an easing of U.S. customs red tape, and permission to save dollars by discriminating more freely against certain imports from the U.S. (i.e., buying goods, instead, from...
Small Inducement. At Paris, his colleagues in the OEEC (Organization for European Economic Cooperation) proposed nothing so drastic as a complete revamping of the Cripps policy. All they wanted was a little greater-but carefully circumscribed-freedom of currency exchange...
...cover the expected French deficit in trade with Britain. France by efficient production or persuasive salesmanship or by cutting purchases from Britain, might succeed in reducing its expected deficit from ?40 million to ?25 million. Under the old plan this reduction would give France no advantage within the OEEC system. Under the Petsche plan, however, France could transfer 40% of its British drawing rights to another OEEC country, for instance, Belgium. That way, the Belgians would wind up with part of the U.S. dollars originally allocated to Britain. In other words, U.S. "conditional aid" would follow the drawing rights...
...Nails. In the hall, weary newsmen despaired when Claude, the beer and sandwich man, went home muttering "No one pays me to stay after 12." Even an OEEC official said: "The West can never agree without Russia. When Russia is present we have no trouble agreeing to stand together, but when Russia is away," he shrugged his shoulders, "look at this...
...Cripps walked down the stairs, an OEEC man cracked: "There he goes to his nice bed of nails...