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U.S. firms urged to keep investing abroad despite critics
European leaders praise American products and capital as Hallstein notes better access to Europe while de Gaulle disputes the Common Market. Private U.S. investment offsets deficits, with 1962 figures showing long term outflows of 2.4 billion and short term 0.6 billion, yet a $200 million net boost to the balance of payments.
MENTIONED IN THIS ARTICLE
New York
France
Britain
European Economic Community
Walter Hallstein
Charles de Gaulle
U.S
First National City Bank of New York
United States
U.S. Department of Commerce
New York Bank