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...that Britain had to withdraw from Suez without getting the canal or bringing down Nasser, Selwyn Lloyd had two options: to confess defeat or to brazen it through. He chose to claim a victory...

Author: /time Magazine | Title: GREAT BRITAIN: Collision Over Collusion | 12/17/1956 | See Source »

...British and French, bowing to the U.N., began withdrawing their forces from Suez with consequences which may in time bring down both their governments, a new wave of fighting broke out in Hungary, and the U.N. showed itself impotent to stop...

Author: /time Magazine | Title: HUNGARY: Doing It Themselves | 12/17/1956 | See Source »

...word "collusion" hung like a mushroom-shaped cloud over the Suez debate in the House of Commons last week...

Author: /time Magazine | Title: GREAT BRITAIN: Collision Over Collusion | 12/17/1956 | See Source »

...Tory Randolph Churchill, it was clear that Eden, like the Suez forces, was planning a "phased withdrawal" from politics. But the lack of an undisputed successor in the true-blue Tory line made this difficult at the moment: the closest rivals were the acting Prime Minister, Richard A. Butler, and Chancellor of the Exchequer Harold Macmillan-Rab Butler's claims to be first in line could not be lightly set aside, but some of the Tories most desirous of a change did not want to change to him, and it was to Butler's interest to keep Eden...

Author: /time Magazine | Title: Foreign News: Face the Music | 12/17/1956 | See Source »

...first public reckoning of the economic cost of Eden's Suez policy hit Parliament like a splash of cold water, thrown by Chancellor of the Exchequer Harold Macmillan, whose sober demeanor seemed to say: in aqua frigida veritas. The jeers and roars that had greeted Selwyn Lloyd gave way to somber attentiveness when Macmillan gravely declared: "The customary monthly announcement on the gold and dollar reserves is being issued to the press today ... It shows a fall of $279 million in the reserves...

Author: /time Magazine | Title: Foreign News: Worse to Come | 12/17/1956 | See Source »

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