THE ALLIES: Charity Case

Western Europe last week was amazed and bemused at the sight of the rich U.S. suddenly talking like a poor relation. Cartoonists pictured a tattered Ike holding out his hat as horrified Economics Min ister Ludwig Erhard told West German Chancellor Adenauer, "He says we have to make the same sacrifices in peacetime as we did during the war!" In Bonn, at a dinner given by the U.S. embassy for Secretary of the Treasury Anderson, one very senior German whispered jokingly to a colleague: "I hope the ambassador can afford to feed...

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!