Word: suez
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...chasm that split Gamal Abdel Nasser from the West more than two years ago in the Anglo-French invasion of Suez was papered over by money last week. The strongman of the Nile, needing written help to withstand the Communists in the Middle East, got set to make an economic settlement with the British. The U.S. has already agreed to sell him 200,000 tons of surplus wheat, and the French have signed a $5,000,000 barter deal with him. The British-Egyptian compromise was worked out by World Bank President Eugene Black, the discreet and yam-voiced international...
...final moments of bargaining, the British did not get quite all they hoped for. Knowing how much his own back-bench Tories hate Nasser, Prime Minister Harold Macmillan had pressed hard to get Nasser first to release two Britons jailed as spies at the time of the Suez affair. In the end, Macmillan decided that he could not hold out for a side matter...
Agreement was reached on the key financial points: 1) Britain would unfreeze Nasser's $210 million sterling balances; 2) Egypt would turn back $87 million of them to pay for British properties seized at the time of the Suez landings; 3) Cairo would abandon its bill against Britain for Suez war damage, and the British would waive their claims for equipment seized by the Egyptians from the once great British base at Suez...
...that Gamal Abdel Nasser persists in calling Victory Day-actually the anniversary of the withdrawal of the unbeaten British and French troops from Suez two years ago-has become an Egyptian holiday. Last week it was observed with massed schoolboy gymnastics and by the symbolic refloating of one of the ships sunk to block the canal. It was also marked by a speech from a somewhat subdued Nasser, who for the first time attacked the Communists. His oratory hardly matched the invective he has expended on the West, but it was a start...
...Philippines to stand up against Communist pressure. Nasser himself seemed wholly unimpressed by the conciliatory moves the U.S. has recently made towards him-releasing $26 million in blocked funds, reviving the CARE relief program in Egypt, resuming the $13.5 million U.S.-Egyptian rural improvement service, leasing dredges for the Suez Canal. His press remains pathologically hostile to the U.S. But Nasser told Columnist Joseph Alsop last week: "Now is the time to normalize relations between my country...