National Affairs: Out of Hand

The "Marshall approach," which a few scant months ago had seemed like the hope of the world, ran into trouble.

The 16 nations which comprise the European Economic Conference had been meeting in Paris since July 12. Presumably they were working out, in concert, a plan whereby Europe, with U.S. money and goods, could help itself back to economic health. But last week, dispatches from Paris told a different story.

The 16 nations were, in effect, drawing up 16 separate shopping lists to present to the U.S., and the total amount of the lists ran...

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!