IS It a Godsend or a Giveaway?


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...

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