WESTERN EUROPE: In the Giant's Steps

For at least two generations, Europeans have seen that the U.S. is the greatest economic success story in history. But the men in charge of Europe's economic destinies long clung to the comfortable notion that the U.S. owes her prosperity not so much to superior economic techniques as to the generosity of Providence. Last week, in the two greatest capitals of the Continent, there was increasing evidence that this old assumption was dying, and that Europe, at long last, was prepared to profit by U.S. experience.

The most revealing of these signs appeared...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

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