ECONOMICS: 1952?

In Paris everybody knows the Château de la Muette as a mansion of the De Rothschilds. Last week the men who now govern Europe's finances sat in the same gilt & cream chamber where the De Rothschilds once practiced their financial wizardry.* Delegates from 19 OEEC areas had come to La Muette to work out a new Intra-European Payments plan. After hours of futile argument, Belgium's Paul-Henri Spaak suggested that the meeting adjourn. Britain's Sir Stafford Cripps cut him short with a crisp insistence. "Gentlemen, I have to go back to England tomorrow," he said, "but my plane does...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

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