Foreign News: Comeback

Businessmen and bankers, the reports revealed, have never had it so good. Production is zooming, so are exports; there are more cars on the highways, more and better food in the stores, more gold in the Federal Treasury, more money spent on vacations, and more people sending food packages to Britain than at any other time since World War II. That was the word transmitted last week to the Organization for European Economic Cooperation (OEEC); but the nation it applied to was not the U.S. The booming giant, bursting its economic britches, is West Germany.

Debtor to Creditor. The German comeback could...

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!