The first EGA bill had been presented as a calculated and desperate risk; the second with an air of "you can't afford to quit now." Last week EC Administrator Paul Hoffman could point to a record of proud accomplishment. Western Europe's recovery "has exceeded our fondest hope," Hoffman told a joint congressional committee on foreign affairs. He asked just 'under $3 billion to keep EGA going on its winning way in its third year.
But ECA's very success in shoring up Europe's economy (though it had failed to "integrate"...