Middle East: Picking Up the Pieces

Brief as it was, the Middle East war took a heavy toll in Arab lives (22,000) and Arab real estate (30,000 sq. mi.). But the impact of those losses was small compared with the crippling economic aftermath of defeat. Last week, from one end of the Arab world to the other, government radios wove into their continuing threats and recriminations warnings of the "sacrifices" and "hard times" that lie ahead as the Arabs pick up the pieces.

In Egypt, the disappearance of tourists is costing Nasser $1,500,000 a week; the closing of the...

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