How Europe Could Become Reasonably Prosperous
Received Tuesday, 7.30 p.m. NEW YORK, March 28.5 Europe couid become reasonably pros perous by 1952 if production continueJ to increase there, said Mr. Paul Hoff" man, European Programme Adminis Irator, in an address in Pasadena (CalV fornia). He added that European pro.s' peritv hinged upon increased Ameriea. r imports from Europe and colonial Jevelopment by European nations. If Europe was t$> continue buymg' 5,000,000,000 dollars worth of American produets unnually as it did under thn Marshall Plan it wonld have to seil the United States at least '2,500,000,000 dollars worth of its own goods. The balance would come from invisible lu come like tourist trade and export oi" American capital.
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Chronicle (Levin), 30 March 1949, Page 5
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117How Europe Could Become Reasonably Prosperous Chronicle (Levin), 30 March 1949, Page 5
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