When the Asians heard that Ludwig Erhard was coming, many of them expected to see an open purse. Was not Economics Minister Erhard the engineer of the West German recovery "miracle"? Was not West Germany so prosperous, its coffers so filled, its technicians so talented that it could give help to poorer nations?
Setting forth last month, armed with a hoard of cigars to chain-smoke, rotund Minister Erhard announced that he was going East with an open mind.
As he rolled across Asia, Ludwig Erhard opened his mouth but not West Germany's purse. Everywhere he...
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