Western Europe: Signs of Slowdown

Western Europe's postwar economic wonder—its decisive leap from bombed-out plants to sold-out production—is still pretty wonderful, but not quite as much so. Italians speak with pride of the "Italian Miracle," which has made them much more prosperous than in days of Caesar or Il Duce. French workers, who once scrimped to buy their good meals and wine, now drive their families to the seashore for August holidays. English tradesmen have long since scrapped their vintage cars that were held together with baling wire and loving care; London now looks the most...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

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