Word: suez
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...thirteen years in opposition the Labour Party had condemned the Conservative Government's policies of intervention and over-extension, focusing on the Suez crisis in 1956. Labour members criticized American meddling in South Vietnam and were generally committed to a financial reform policy of "Britain First." Once in power, however, Prime Minister Wilson adopted a more traditional approach to defense problems. He resolved to support the Unted State's position in Vietnam, and continued the fight to keep British bases in Aden and Singapore...
...however, assumed the Gaullist posture of withdrawal. When France relinquished her colonies, she effectively abandoned all overseas military commitments. Moreover De Gaulle has now decided to withdraw France's troops from the NATO alliance. Britain, on the other hand, will seek to maintain her traditional presence east of Suez, though limiting the scope of her military potential...
...even in this eastern area, Britain will undertake no major military efforts without guaranteed assistance. In other words, no more Suez fiascos. Britain will not intervene in the affairs of an independent country without a formal invitation, and will not promise military aid unless granted facilities from that country which would make the aid effective. Britain, therefore, is forced into dependence on the only other allied power active in the East--the United States. Although Britain does not share America's vital interest in Vietnam, she will try to keep military influence in the other Far Eastern troublespots...
March 31. Ironically, the most telling attack on the new policy came not from the Conservatives but from a Laborite, Christopher Mayhew, who resigned in protest as Navy Minister. The $5.6 billion budget, warned Mayhew, was "too small if we stay east of Suez and too big if we do not." Though he had quit specifically over the carrier question, he told the House that his far greater fear was that Britain simply could no longer support its worldwide defense responsibilities unless it depended so heavily on U.S. assistance that the British would become "auxiliaries rather than allies...
...FRANCE, Thomson-Houston took over Hotchkiss-Brandt to form the country's largest appliance producer, and the steelmaking Pont-à-Mousson merged with the Compagnie Financière de Suez (TIME, Jan. 28). Image et Son, a French radio-TV firm owning peripheral stations that broadcast into France, announced it was buying 30% of the Compagnie Française de Télevision, a research organization...