Waging Economic Warfare

The fleet heading toward the Falkland Islands is not the only weapon that the British can use against the Argentines. London has already launched an economic attack on its opponent. At Britain's request, the ten nations of the European Community last week took one of the most dramatic steps in the organization's 25-year history and agreed to close their ports to Argentine goods until May 17. Said one surprised E.G. official: "We have done in a day what it usually takes a year to do."

The other big financial gun that Britain has at...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

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