FRANCE: Corner of Blue

Premier Félix Gaillard summoned newsmen to an impromptu conference one night last week and greeted them with a broad smile: "Gentlemen, good news at last. A corner of blue has opened in the sky for France. We are delivered from the nightmare in which we have been living for many months." Gaillard had just learned that his emissary Jean Monnet, France's most famed advocate of European unity, was coming home from Washington bearing $655 million in credits.

The big credit package made available to France $250 million from the European Payments Union and $131 million from its quota in...

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