Word: ecaid
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...Formosa regime has a long way to go, but it can point proudly to its achievements. Last fall general elections were held, with a genuinely free ballot. With the help of American ECAid, Formosa's economy has improved: electric power output is 25% higher now than at its peak under the efficient Japanese...
...economy is advancing, albeit slowly. The lira stood at 4.5 to the dollar (free market) a year ago, is now 3.5. Foreign capital, long almost pathologically feared, is now free to enter. A new hydroelectric plant, which will increase electrical power by 50%, has been started with ECAid...
France's living standard today is measurably higher than at the start of ECAid. But Communism in France is as strong as it was two years ago. The U.S. State Department has simply failed to tell France's timorous middle-of-the-road politicians bluntly that, in the present crisis, the Western world cannot afford France's politics-as-usual nor her sloppy tolerance of Communism...
...troops, about half of the Fourth Republic's army, and thereby weakened the contribution France might make to Western Europe's defense. In lives, the Indo-China war has cost the French 50,000 casualties. In money, it has cost $2 billion-just about the sum of ECAid to France...
...late great Eleutherios Venizelos, as Premier. This split the Liberals away from the coalition government planned by Venizelos and Plastiras, and favored by the U.S. Then followed maneuvers to line up right-wing royalist support behind Venizelos. U.S. Ambassador Henry F. Grady quickly threatened to withhold ECAid, implying that only a center coalition could govern Greece efficiently. After 23 frustrating days in office, Venizelos resigned, blaming his fall on "the Allied factor." This is a phrase frequently heard in Greece; it is the Greeks' word for Uncle Sam. Grady's intervention in Greek politics had been decisive...