West Germany: The Marshall Plan Marches On

A fortunate handful of West Berlin companies, ranging from a construction firm to a small hotel, last week received a total of $16 million in ten-year loans. By Continental standards, the companies will have to pay a surprisingly low (4%) interest rate—but the real surprise was the source of the loan. The money came from the Marshall Plan, which ended a decade ago.

Though most of the $13.6 billion in economic assistance that the U.S. pumped into Asia and Europe disappeared long ago, remnants of the aid are still at work. Part of Japan's $600 million leftover is being...

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!