EUROPE’S VAST NEEDS
AMERICAN ESTIMATE REPARATIONS CUT URGED (9 a.m.) WASHINGTON, July 4. The House of Representatives Foreign Affairs Sub-Committee, in a formal report, estimated that Europe, exclusive of Russia, would require about 10,000,000,000 dollars from 1947 to 1949 inclusive to meet its needs. The report urged that the United States insist that current reparations by Germany and Japan be terminated as the first step in the evolution of a new policy. The report also commended the reduction of the earlier programme of reparations “aimed at weakening or destroying Germany and Japan,” and a more self-sufficient level of Industry for those two countries.
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Bibliographic details
Gisborne Herald, Volume LXXIV, Issue 22374, 5 July 1947, Page 5
Word Count
103EUROPE’S VAST NEEDS Gisborne Herald, Volume LXXIV, Issue 22374, 5 July 1947, Page 5
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