Austria: To Market

Austria also has some economic difficulties with Communism—but of a quite different character. At the time of the 1955 Austrian State Treaty, it was assigned to the political limbo of everlasting neutrality between East and West. Russia has used the treaty to object to Austria's moves to join Western Europe's Common Market, on which it depends for most of its trade. Last week Austrian Chancellor Josef Klaus decided on some liberalization of his own. Whether or not the Soviet Union likes it, he said, Austria will move to join the Common Market as an associate member. Like many other...

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!