Spain: Return of the Bullion Billion

For the first time in 75 years of Western Hemisphere conferences, a Spanish delegate rose to speak. Spain's Ambassador to Brazil, Jaime Alba, told the twelve-day-old Organization of American States meeting in Rio: "We have always fraternally shared your sorrows and your hopes." Then he added: "The Spanish government has particular interest in making known to this conference its intention to make available over the next ten years credits of up to $1 billion." The announcement caused a sensation easily equaling the response to Dean Rusk's statement the week before that the U.S. would continue its Alliance for Progress...

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