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Truman Sees 30 Percent Cut in ERP Dollar Deficit
President Truman forecast a 30 percent slash in the ERP dollar deficit for Europe by midyear while urging extensive economic expansion and reform to achieve independence from aid by 1952. He warned that Communist advances in China reduced ECA activity and noted Europe must surpass prewar production to repay aid.
MENTIONED IN THIS ARTICLE
Washington
Truman
Europe
Congress
Economic Cooperation Administration
Organization For European Economic Cooperation
Western Europe
Western