No sooner had the last U. S. ballot been counted, than Great Britain led France and other Debtor Powers last week in a free-for-all drive by press stories and diplomatic notes toward present postponement and future cancellation of what Europe owes the U. S. (see p. 7). This drive, long prepared (even to the writing of the diplomatic notes) was not a reaction to the U. S. people's choice of Franklin Delano Roosevelt. It was Europe's obvious move, in view of the fact that U. S. citizens...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!