European Recovery
Receiverl Stnulav 7 u.m. LONDON, July 2. National British newspapers haVo welcomecl the eompromise workecl otit at the Paris meetinsr of the Organisation for European Eeonomie Cooperation hut emphasised tbat the results presented no solution to basic probletns of dollar solvencv. The Times said the agreement did not and could not meet the fundamental long term difficuity which was that, without a real adjustment of costs ahd prices, increased freedom of trade simply tended at present to create bigger net debits and credits than eVer. Iffie Dailv Telegraph stated that it wonld be idle to suppose that on the present showing, dollar solvency and ifree multilateral trading will be apy nearer attainment when the European recovery progtamme ends in 1952, than they are now.
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Bibliographic details
Chronicle (Levin), 4 July 1949, Page 5
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126European Recovery Chronicle (Levin), 4 July 1949, Page 5
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