Something without a name, but resembling an Atlantic economic community, was born in Paris last week. It reflected an American desire and a European worry. The U.S. feels that Western Europe, lifted to unprecedented prosperity by 14 years of American aid, should join the U.S. in underwriting the development of the poor countries of Asia, Africa and Latin America. Europe's concern is that the growing commercial rivalry between the Common Market Six and the British-inspired Outer Seven would lead to a trade war that might jeopardize the Western alliance.
Last week, in the chill marble halls of Paris' Hotel Majestic,...
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