IS It a Godsend or a Giveaway?

OFFSHORE PROCUREMENT

THE greatest program to provide J. dollar exchange for Europe since the Marshall Plan is the Offshore-Procurement Program. Through OSP, the U.S. buys war materials from European factories to equip NATO armies. In dollars, it amounts to far more than U.S. citizens spend through normal trade channels for Swiss watches, French wines or British sports cars. Yet, for all its size and importance, Offshore Procurement is one of the least talked about and least understood of all the many props the U.S. has built to bolster its allies.

To some, OSP sounds...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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 TIME.com

Learn more about the benefits of being a TIME subscriber

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