WESTERN EUROPE: Hands Across the Rhine

Europe's moneymen, like its governments, have seldom been respecters of international frontiers. Some of the wealthiest shook hands across the Rhine last week in an $1 8 million deal that gave control of one of the Ruhr's biggest coal combines to France's biggest steelmaker.

Millionaire Friedrich Flick, onetime financier of the SS, is a German coal baron whom the allies jailed (1945-50) for using slave labor in his farflung mines. Two-thirds of Flick's holdings were grabbed by the Communist government of Eastern Germany; the rest were ordered broken up by U.S. and...

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