Poland: Timely Bailout

Some help from the "Club "

Rarely has any country so desperately needed a bailout. With a $27 billion foreign debt, declining production and plummeting exports, Poland seems to be teetering on the verge of economic collapse. That would be a calamity that the Soviets, for all their vital interest in shoring up a key satellite, might not be able to prevent. Ironically, the economic salvation of Communist Poland may depend on a coterie of Western capitalists with a quantity of bad debts on their hands.

One such group converged on the baroque International Conference Center in Paris last week. Its objective:...

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